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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $28,674 per ton, falling by -23% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 43%. The import price peaked at $39,322 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($96,256 per ton), while the price for the United States ($19,233 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for vegetable saps and extracts; of hopses stood at $20,150 per ton in 2022, which is down by -9.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $27,384 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($24,853 per ton), while the average price for exports to the UK amounted to $19,846 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.3%).

Imports of Vegetable Saps and Extracts; of Hops in Ireland

In 2022, the amount of vegetable saps and extracts; of hopses imported into Ireland surged to 162 tons, increasing by 38% on 2021. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. As a result, imports reached the peak of 199 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of hopses rose markedly to $4.6M in 2022. In general, imports, however, saw a perceptible slump.

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

1. Germany (93.3 tons)
2. United Kingdom (57.2 tons)
3. United States (11.0 tons)
4. Belgium (0.2 tons)

Exports of Vegetable Saps and Extracts; of Hops in Ireland

In 2022, overseas shipments of vegetable saps and extracts; of hopses were finally on the rise to reach 1.9 tons after two years of decline. Overall, exports, however, recorded a precipitous decline.

In value terms, exports of vegetable saps and extracts; of hopses surged to $39K in 2022. In general, exports, however, recorded a dramatic shrinkage.

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

1. United Kingdom (1820.0 kg)
2. France (68.0 kg)

Source: IndexBox Market Intelligence Platform