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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $34,877 per ton, jumping by 25% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 81% against the previous year. As a result, import price reached the peak level of $61,610 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($59,511 per ton), while the price for the United States stood at $34,734 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%).

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

The average export price for vegetable saps and extracts; of hopses stood at $55,338 per ton in 2022, which is down by -7.1% against the previous year. In general, export price indicated a resilient increase from 2017 to 2022: its price increased at an average annual rate of +6.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable saps and extracts; of hopses decreased by +0.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 73% against the previous year. As a result, the export price reached the peak level of $70,841 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2017 to 2022, the rate of growth in terms of prices for Myanmar amounted to -6.0% per year.

Imports of Vegetable Saps and Extracts; of Hops in Thailand

In 2022, the amount of vegetable saps and extracts; of hopses imported into Thailand soared to 215 tons, rising by 1,753% against the year before. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses surged to $7.5M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (214.4 tons)

Exports of Vegetable Saps and Extracts; of Hops in Thailand

In 2022, the amount of vegetable saps and extracts; of hopses exported from Thailand skyrocketed to 6 tons, rising by 90% against the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $333K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Myanmar (6.0 tons)

Source: IndexBox Market Intelligence Platform