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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $47,357 per ton, with an increase of 23% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 35%. As a result, import price reached the peak level of $51,675 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Switzerland ($118,524 per ton), while the price for the United States ($39,764 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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $18,637 per ton, dropping by -29.2% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 74%. Over the period under review, the average export prices hit record highs at $37,547 per ton in 2017; however, from 2018 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 the United States ($22,024 per ton), while the average price for exports to Canada ($10,080 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 Israel (+81.2%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Ethiopia

In 2022, after two years of decline, there was significant growth in purchases abroad of vegetable saps and extracts; of hopses, when their volume increased by 24% to 126 tons. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses skyrocketed to $6M in 2022. Overall, imports, however, showed a perceptible decrease.

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

1. Germany (78.4 tons)
2. United Kingdom (34.7 tons)
3. Switzerland (9.4 tons)
4. United States (1.9 tons)
5. China (1.5 tons)

Exports of Vegetable Saps and Extracts; of Hops in Ethiopia

In 2022, shipments abroad of vegetable saps and extracts; of hopses decreased by -34.8% to 441 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 253% against the previous year. As a result, the exports attained the peak of 2 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 shrank rapidly to $8.2K in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. As a result, the exports attained the peak of $30K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. United States (252.0 kg)
2. Canada (112.0 kg)
3. Australia (74.0 kg)

Source: IndexBox Market Intelligence Platform