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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $37,995 per ton in 2022, waning by -7.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 15%. Over the period under review, average import prices hit record highs at $47,834 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 the UK ($75,750 per ton), while the price for Belgium ($14,224 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $47,530 per ton, growing by 6.3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. The export price peaked at $83,333 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($105,560 per ton), while the average price for exports to Sweden ($38,507 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 Estonia (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Hops in Lithuania

Imports of vegetable saps and extracts; of hopses into Lithuania fell remarkably to 9.5 tons in 2022, waning by -31.3% against 2021. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of 14 tons, and then dropped significantly in the following year.

In value terms, imports of vegetable saps and extracts; of hopses reduced notably to $362K in 2022. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 44%.

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

1. Germany (8.1 tons)
2. Belgium (0.4 tons)
3. Sweden (0.4 tons)
4. Estonia (0.3 tons)

Exports of Vegetable Saps and Extracts; of Hops in Lithuania

In 2022, shipments abroad of vegetable saps and extracts; of hopses decreased by -63.3% to 296 kg, falling for the second year in a row after two years of growth. Overall, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 22%. As a result, the exports reached the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vegetable saps and extracts; of hopses fell markedly to $14K in 2022. Over the period under review, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of $60K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Sweden (217.0 kg)
2. Latvia (54.0 kg)
3. Estonia (25.0 kg)

Source: IndexBox Market Intelligence Platform