Price for Vegetable Saps and Extracts; of Hops in South Africa - 2024

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $26,083 per ton, reducing by -16.5% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of hopses decreased by -20.6% against 2020 indices. The growth pace was the most rapid in 2019 when the average import price increased by 86%. The import price peaked at $32,838 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 ($35,088 per ton), while the price for Germany ($23,084 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $23,120 per ton, which is down by -38.7% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2021 an increase of 222%. As a result, the export price attained the peak level of $37,718 per ton, and then fell significantly in the following year.

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 Namibia ($24,075 per ton), while the average price for exports to Zambia ($1,750 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in South Africa

In 2022, imports of vegetable saps and extracts; of hopses into South Africa surged to 88 tons, picking up by 51% against 2021 figures. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 124%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of vegetable saps and extracts; of hopses soared to $2.3M in 2022. In general, imports posted a slight expansion. The growth pace was the most rapid in 2021 with an increase of 113%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Germany (63.6 tons)
2. United States (21.7 tons)
3. United Kingdom (2.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in South Africa

In 2022, the amount of vegetable saps and extracts; of hopses exported from South Africa surged to 358 kg, with an increase of 206% against the year before. In general, exports, however, showed a significant decline.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $8.3K in 2022. Overall, exports, however, saw a sharp shrinkage.

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

1. Namibia (332.0 kg)
2. Zambia (12.0 kg)
3. Cameroon (11.0 kg)
4. Swaziland (3.0 kg)

Source: IndexBox Market Intelligence Platform