Price for Vegetable Saps and Extracts; of Hops in Saudi Arabia - 2022
Contents:
- Price for Vegetable Saps and Extracts; of Hops in Saudi Arabia (CIF) - 2022
- Imports of Vegetable Saps and Extracts; of Hops in Saudi Arabia
Price for Vegetable Saps and Extracts; of Hops in Saudi Arabia (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $46,975 per ton, increasing by 2.3% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $64,145 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($69,121 per ton), while the price for the UK amounted to $14,516 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%).
Imports of Vegetable Saps and Extracts; of Hops in Saudi Arabia
Imports of vegetable saps and extracts; of hopses into Saudi Arabia expanded sharply to 1.4 tons in 2022, picking up by 8.2% on the previous year's figure. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 537% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of vegetable saps and extracts; of hopses rose significantly to $64K in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 448%. As a result, imports reached the peak of $70K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vegetable Saps and Extracts; of Hops in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.8 | 70.3 | 54.4 | 28.1 | 30.0% |
| United Kingdom | N/A | N/A | 1.0 | 8.0 | 700.0% |
| United States | N/A | N/A | 2.7 | N/A | 0% |
| Others | N/A | N/A | N/A | 28.1 | 0% |
| Total | 12.8 | 70.3 | 58.0 | 64.2 | 71.2% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to Saudi Arabia in 2022:
- United Kingdom (554.0 kg)
- Germany (406.0 kg)
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