Price for Vegetable Saps and Extracts; of Hops in Peru - 2022

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $33,723 per ton in 2022, dropping by -12.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 26%. The import price peaked at $38,633 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($55,588 per ton), while the price for Germany stood at $33,200 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%).

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $23,455 per ton, growing by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2016 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs at $39,497 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($45,613 per ton), while the average price for exports to Ecuador stood at $16,879 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+51.6%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Peru

For the third consecutive year, Peru recorded decline in overseas purchases of vegetable saps and extracts; of hopses, which decreased by -15.9% to 48 tons in 2022. Over the period under review, imports continue to indicate a abrupt descent. The smallest decline of -13.4% was in 2021.

In value terms, imports of vegetable saps and extracts; of hopses shrank remarkably to $1.6M in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 1.7% against the previous year. As a result, imports reached the peak of $2.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Germany (47.3 tons)
2. United States (1.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in Peru

In 2022, exports of vegetable saps and extracts; of hopses from Peru soared to 22 tons, surging by 3,345% compared with the previous year. Overall, exports continue to indicate a significant increase. 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 soared to $527K in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Ecuador (17.3 tons)
2. Mexico (5.1 tons)

Source: IndexBox Market Intelligence Platform