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

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

The average import price for vegetable saps and extracts; of hopses stood at $33,000 per ton in 2022, with an increase of 6.5% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 138% against the previous year. The import price peaked at $37,750 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +38.4% per year.

Imports of Vegetable Saps and Extracts; of Hops in Kuwait

In 2022, imports of vegetable saps and extracts; of hopses into Kuwait dropped dramatically to 32 kg, which is down by -47.5% on the previous year. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 771%. As a result, imports attained the peak of 61 kg, and then fell remarkably in the following year.

In value terms, imports of vegetable saps and extracts; of hopses shrank rapidly to $1.1K in 2022. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 751%. As a result, imports reached the peak of $1.9K, and then shrank markedly in the following year.