Price for Vegetable Saps and Extracts; of Hops in Ecuador - 2022

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $39,062 per ton in 2022, dropping by -17.7% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of hopses increased by +61.4% against 2014 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. As a result, import price attained the peak level of $47,491 per ton, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($68,950 per ton), while the price for Germany ($36,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; of Hops in Ecuador (FOB) - 2022

The average export price for vegetable saps and extracts; of hopses stood at $16,305 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 47% against the previous year. As a result, the export price reached the peak level of $36,896 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2015 to 2022, the rate of growth in terms of prices for Peru amounted to -6.0% per year.

Imports of Vegetable Saps and Extracts; of Hops in Ecuador

In 2022, supplies from abroad of vegetable saps and extracts; of hopses increased by 92% to 58 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses surged to $2.2M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (33.3 tons)
2. United States (23.0 tons)
3. Brazil (1.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Ecuador

In 2022, overseas shipments of vegetable saps and extracts; of hopses decreased by -50% to 105 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a sharp slump.

In value terms, exports of vegetable saps and extracts; of hopses shrank markedly to $1.7K in 2022. In general, exports faced a dramatic decrease.

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

1. Peru (105.0 kg)

Source: IndexBox Market Intelligence Platform