Price for Vegetable Saps and Extracts; of Hops in the UK - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Hops in the UK (FOB) - 2023
- Price for Vegetable Saps and Extracts; of Hops in the UK (CIF) - 2022
- Exports of Vegetable Saps and Extracts; of Hops in the UK
- Imports of Vegetable Saps and Extracts; of Hops in the UK
Price for Vegetable Saps and Extracts; of Hops in the UK (FOB) - 2023
The average export price for vegetable saps and extracts; of hopses stood at $20,502 per ton in December 2023, rising by 18% against the previous month. Overall, the export price showed mild growth. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 152% m-o-m. Over the period under review, the average export prices reached the maximum at $37,313 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($33,188 per ton), while the average price for exports to the Netherlands ($4,817 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vegetable Saps and Extracts; of Hops in the UK (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $20,811 per ton, reducing by -16.3% against the previous year. Overall, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, average import prices hit record highs at $41,445 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($29,279 per ton), while the price for New Zealand ($14,817 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Saps and Extracts; of Hops in the UK
In 2022, the amount of vegetable saps and extracts; of hopses exported from the UK reduced to 1.9K tons, which is down by -2.7% compared with the previous year. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 6.8% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then reduced in the following year.
In value terms, exports of vegetable saps and extracts; of hopses declined to $39M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $44M, and then fell in the following year.
| Export of Vegetable Saps and Extracts; of Hops in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.7 | 3.7 | 10.8 | 7.8 | 11.0% |
| Germany | 6.0 | 5.5 | 6.5 | 7.3 | 6.8% |
| Brazil | 1.1 | 3.0 | 4.2 | 4.7 | 62.3% |
| France | 1.1 | 0.6 | 3.1 | 2.6 | 33.2% |
| China | 4.2 | 3.4 | 2.5 | 2.1 | -20.6% |
| Ireland | 0.7 | 1.5 | 1.8 | 1.4 | 26.0% |
| Netherlands | 0.8 | 0.8 | 1.0 | 1.3 | 17.6% |
| Nigeria | 5.0 | 4.1 | 1.9 | 1.1 | -39.6% |
| Spain | 0.1 | N/A | 1.4 | 0.8 | 100.0% |
| Belarus | N/A | N/A | N/A | 0.2 | 0% |
| Austria | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Myanmar | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 10.3 | 8.8 | 10.0 | 9.6 | -2.3% |
| Total | 35.2 | 31.8 | 43.5 | 39.2 | 3.7% |
Top Export Markets for Vegetable Saps and Extracts; of Hops from the UK in 2022:
- Belgium (376.3 tons)
- Germany (352.6 tons)
- Netherlands (179.5 tons)
- Brazil (173.0 tons)
- France (148.6 tons)
- China (75.3 tons)
- Ireland (54.7 tons)
- Spain (45.5 tons)
- Austria (35.7 tons)
- Nigeria (35.1 tons)
- Myanmar (34.8 tons)
- Belarus (29.4 tons)
Imports of Vegetable Saps and Extracts; of Hops in the UK
In 2022, imports of vegetable saps and extracts; of hopses into the UK reduced sharply to 958 tons, falling by -24.8% against the previous year. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of 1.3K tons, and then declined notably in the following year.
In value terms, imports of vegetable saps and extracts; of hopses shrank dramatically to $20M in 2022. Over the period under review, imports faced a precipitous contraction. The smallest decline of -17.8% was in 2021.
| Import of Vegetable Saps and Extracts; of Hops in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.5 | 11.5 | 17.1 | 11.4 | -20.3% |
| Germany | 13.6 | 16.9 | 8.5 | 6.9 | -20.2% |
| China | 7.0 | 4.8 | 2.1 | 1.0 | -47.7% |
| New Zealand | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 9.1 | 4.7 | 3.5 | N/A | -38.0% |
| Others | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| Total | 52.7 | 38.6 | 31.7 | 19.9 | -27.7% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to the UK in 2022:
- United States (646.8 tons)
- Germany (253.4 tons)
- China (33.7 tons)
- New Zealand (15.6 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
