Price for Vegetable Saps and Extracts; of Hops in Myanmar - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Hops in Myanmar (CIF) - 2022
- Imports of Vegetable Saps and Extracts; of Hops in Myanmar
Price for Vegetable Saps and Extracts; of Hops in Myanmar (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $67,554 per ton, surging by 44% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 United States ($91,362 per ton), while the price for Germany ($57,021 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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetable Saps and Extracts; of Hops in Myanmar
Imports of vegetable saps and extracts; of hopses into Myanmar contracted remarkably to 19 tons in 2022, dropping by -58% against the previous year. Overall, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. As a result, imports attained the peak of 45 tons, and then dropped markedly in the following year.
In value terms, imports of vegetable saps and extracts; of hopses declined rapidly to $1.3M in 2022. In general, imports showed a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 12%.
| Import of Vegetable Saps and Extracts; of Hops in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 32.5 | 59.8 | 152 | 986 | 211.9% |
| United States | 1,420 | 807 | 1,038 | 179 | -49.9% |
| United Kingdom | 56.4 | 180 | 80.4 | 122 | 29.3% |
| Germany | 1,082 | 860 | 860 | 2.7 | -86.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,591 | 1,907 | 2,131 | 1,289 | -20.8% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to Myanmar in 2022:
- Thailand (15.5 tons)
- United States (2.0 tons)
- United Kingdom (1.6 tons)
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