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

Price for Vegetable Saps and Extracts; of Hops in Mexico (CIF) - 2023

The average import price for vegetable saps and extracts; of hopses stood at $51,326 per ton in December 2023, surging by 23% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $54,896 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

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

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.

Imports of Vegetable Saps and Extracts; of Hops in Mexico

Imports of vegetable saps and extracts; of hopses into Mexico was estimated at 630 tons in 2022, growing by 5.3% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 9.3%. As a result, imports attained the peak of 850 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 reduced to $29M in 2022. Overall, imports, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of $34M, and then reduced in the following year.