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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $31,775 per ton, stabilizing at the previous year. Overall, the import price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. The import price peaked at $48,908 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($33,867 per ton), while the price for Belgium amounted to $28,053 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.6%).

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $167,182 per ton, approximately reflecting the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 a decrease of -9.8% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2019 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +15.0% per year.

Imports of Vegetable Saps and Extracts; of Hops in Luxembourg

In 2022, the amount of vegetable saps and extracts; of hopses imported into Luxembourg skyrocketed to 2.1 tons, rising by 36% against the previous year's figure. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses skyrocketed to $67K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.

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

1. Germany (1.3 tons)
2. Belgium (0.8 tons)

Exports of Vegetable Saps and Extracts; of Hops in Luxembourg

In 2022, shipments abroad of vegetable saps and extracts; of hopses decreased by 0% to 11 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 3,800% against the previous year. As a result, the exports attained the peak of 39 kg. 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 stood at $1.8K in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 3,418%. As a result, the exports attained the peak of $3.9K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Netherlands (11.0 kg)

Source: IndexBox Market Intelligence Platform