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

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Finland (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Hops in Finland

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

The average import price for vegetable saps and extracts; of hopses stood at $53,648 per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +68.2% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 49%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($160,490 per ton), while the price for Belgium ($23,470 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 (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in Finland

In 2022, approx. 15 tons of vegetable saps and extracts; of hopses were imported into Finland; dropping by -36.3% against the previous year. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 9.3%. As a result, imports attained the peak of 24 tons, and then reduced dramatically in the following year.

In value terms, imports of vegetable saps and extracts; of hopses shrank dramatically to $810K in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports attained the peak of $1.3M, and then reduced rapidly in the following year.

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

1. Germany (10.5 tons)
2. Belgium (3.3 tons)
3. United Kingdom (0.8 tons)
4. Estonia (0.3 tons)

Source: IndexBox Market Intelligence Platform