Price for Vegetable Saps and Extracts; of Hops in the Czech Republic - 2023

Contents:

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

Price for Vegetable Saps and Extracts; of Hops in the Czech Republic (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $27,426 per ton, shrinking by -31% against the previous year. In general, the import price saw a perceptible setback. The growth pace was the most rapid in 2020 when the average import price increased by 39% against the previous year. The import price peaked at $39,721 per ton in 2021, and then reduced sharply in the following year.

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 Germany ($28,753 per ton), while the price for the United States ($14,106 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+46.2%), while the prices for the other major suppliers experienced a decline.

Price for Vegetable Saps and Extracts; of Hops in the Czech Republic (FOB) - 2022

The average export price for vegetable saps and extracts; of hopses stood at $115,618 per ton in 2022, with an increase of 23% against the previous year. Overall, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2018 an increase of 47% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +13.1% per year.

Imports of Vegetable Saps and Extracts; of Hops in the Czech Republic

Imports of vegetable saps and extracts; of hopses into the Czech Republic fell modestly to 129 tons in 2022, shrinking by -4.9% against 2021. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year.

In value terms, imports of vegetable saps and extracts; of hopses contracted dramatically to $3.5M in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of $5.4M, and then declined markedly in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Hops to the Czech Republic in 2022:

1. Germany (117.0 tons)
2. United States (7.9 tons)
3. United Kingdom (3.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in overseas shipments of vegetable saps and extracts; of hopses, which decreased by -44.9% to 4.3 tons in 2022. Overall, exports faced a precipitous shrinkage. The smallest decline of -2% was in 2021.

In value terms, exports of vegetable saps and extracts; of hopses dropped sharply to $496K in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $732K, and then dropped dramatically in the following year.

Top Export Markets for Vegetable Saps and Extracts; of Hops from the Czech Republic in 2022:

1. Japan (4.2 tons)

Source: IndexBox Market Intelligence Platform