Price for Vegetable Saps and Extracts; of Hops in China - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in China (FOB) - 2023
2. Price for Vegetable Saps and Extracts; of Hops in China (CIF) - 2022
3. Exports of Vegetable Saps and Extracts; of Hops in China
4. Imports of Vegetable Saps and Extracts; of Hops in China

Price for Vegetable Saps and Extracts; of Hops in China (FOB) - 2023

In December 2023, the average export price for vegetable saps and extracts; of hopses amounted to $17,672 per ton, rising by 50% against the previous month. Over the period under review, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 155% against the previous month. As a result, the export price attained the peak level of $31,659 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Cameroon ($26,500 per ton), while the average price for exports to South Africa ($9,295 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (0.0%), while the prices for the other major destinations experienced a decline.

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

The average import price for vegetable saps and extracts; of hopses stood at $34,633 per ton in 2022, shrinking by -6.6% against the previous year. In general, the import price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 136% against the previous year. As a result, import price attained the peak level of $88,191 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($246,000 per ton), while the price for Germany ($33,519 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vegetable Saps and Extracts; of Hops in China

In 2022, overseas shipments of vegetable saps and extracts; of hopses decreased by -42.4% to 59 tons, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports attained the peak of 161 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of vegetable saps and extracts; of hopses reduced markedly to $1.3M in 2022. Overall, exports showed a precipitous decrease. The smallest decline of -12.4% was in 2021.

Top Export Markets for Vegetable Saps and Extracts; of Hops from China in 2022:

1. United Kingdom (24.4 tons)
2. United States (7.9 tons)
3. Cameroon (7.4 tons)
4. Australia (6.1 tons)
5. Poland (3.0 tons)
6. Germany (2.2 tons)
7. Spain (1.9 tons)

Imports of Vegetable Saps and Extracts; of Hops in China

In 2022, after three years of growth, there was decline in purchases abroad of vegetable saps and extracts; of hopses, when their volume decreased by -3.7% to 8.8 tons. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 928% against the previous year. As a result, imports attained the peak of 9.1 tons, and then contracted modestly in the following year.

In value terms, imports of vegetable saps and extracts; of hopses dropped to $304K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 529% against the previous year. As a result, imports attained the peak of $338K, and then shrank in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Hops to China in 2022:

1. Germany (8.6 tons)
2. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform