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

Contents:

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

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $42,043 per ton, reducing by -12.2% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable saps and extracts; of hopses decreased by -30.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. The export price peaked at $60,177 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($56,839 per ton), while the average price for exports to Latvia ($37,229 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+204.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $25,737 per ton, surging by 34% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 35%. As a result, import price attained the peak level of $52,418 per ton. From 2016 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 Netherlands ($36,646 per ton), while the price for Italy ($6,163 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vegetable Saps and Extracts; of Hops in Estonia

For the fourth year in a row, Estonia recorded growth in overseas shipments of vegetable saps and extracts; of hopses, which increased by 21% to 13 tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 350% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses expanded significantly to $560K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 481%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Finland (8.2 tons)
2. Latvia (4.3 tons)
3. Lithuania (0.9 tons)

Imports of Vegetable Saps and Extracts; of Hops in Estonia

In 2022, purchases abroad of vegetable saps and extracts; of hopses decreased by -53.2% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of 36 tons, and then declined remarkably in the following year.

In value terms, imports of vegetable saps and extracts; of hopses shrank sharply to $430K in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8% against the previous year. As a result, imports reached the peak of $688K, and then reduced rapidly in the following year.

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

1. Germany (10.2 tons)
2. Finland (3.1 tons)
3. Czech Republic (1.2 tons)
4. Italy (0.7 tons)
5. Netherlands (0.6 tons)
6. Belgium (0.3 tons)

Source: IndexBox Market Intelligence Platform