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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $24,919 per ton, surging by 7% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 38% against the previous year. The import price peaked at $52,239 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($31,712 per ton), while the price for Finland ($12,459 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $32,573 per ton, waning by -29.7% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 54% against the previous year. Over the period under review, the average export prices attained the maximum at $73,067 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($59,781 per ton), while the average price for exports to Estonia ($26,397 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 Lithuania (-2.9%).

Imports of Vegetable Saps and Extracts; of Hops in Latvia

In 2022, imports of vegetable saps and extracts; of hopses into Latvia expanded significantly to 14 tons, growing by 5.3% on 2021 figures. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 148% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vegetable saps and extracts; of hopses expanded sharply to $339K in 2022. Overall, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.8% 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 increased by +80.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Germany (10.6 tons)
2. Finland (1.6 tons)
3. Belgium (0.8 tons)
4. Estonia (0.3 tons)
5. China (0.2 tons)

Exports of Vegetable Saps and Extracts; of Hops in Latvia

In 2022, exports of vegetable saps and extracts; of hopses from Latvia skyrocketed to 524 kg, rising by 1,210% against 2021. Overall, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $17K in 2022. In general, exports, however, recorded a slight downturn.

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

1. Estonia (340.0 kg)
2. Denmark (120.0 kg)
3. Lithuania (64.0 kg)

Source: IndexBox Market Intelligence Platform