Price for Vegetable Saps and Extracts; of Hops in Chile - 2024

Price for Vegetable Saps and Extracts; of Hops in Chile (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $45,362 per ton in 2022, declining by -5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. Over the period under review, average import prices hit record highs at $58,194 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($52,051 per ton), while the price for Poland ($27,627 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%).

Imports of Vegetable Saps and Extracts; of Hops in Chile

After three years of growth, overseas purchases of vegetable saps and extracts; of hopses decreased by -44.1% to 65 tons in 2022. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of 116 tons, and then reduced sharply in the following year.

In value terms, imports of vegetable saps and extracts; of hopses dropped sharply to $2.9M in 2022. In general, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports attained the peak of $5.6M, and then fell remarkably in the following year.

Import of Vegetable Saps and Extracts; of Hops in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.6	2.0	3.1	1.3	-6.7%
Germany	0.6	0.7	1.3	1.3	29.4%
Poland	N/A	N/A	N/A	0.3	0%
Others	0.6	0.8	1.2	N/A	41.4%
Total	2.8	3.4	5.6	2.9	1.2%