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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $32,717 per ton in 2022, waning by -13.9% against the previous year. In general, the import price, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $43,575 per ton. From 2021 to 2022, the average import prices remained at a 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 Germany ($35,863 per ton), while the price for the UK ($10,068 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 (+3.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $8,273 per ton, with an increase of 69% against the previous year. Overall, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 434%. Over the period under review, the average export prices hit record highs at $65,017 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to -22.5% per year.

Imports of Vegetable Saps and Extracts; of Hops in Turkey

Imports of vegetable saps and extracts; of hopses into Turkey skyrocketed to 172 tons in 2022, with an increase of 97% on 2021 figures. Over the period under review, imports showed 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 skyrocketed to $5.6M in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 76%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Germany (133.5 tons)
2. United States (20.3 tons)
3. United Kingdom (18.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Turkey

Exports of vegetable saps and extracts; of hopses from Turkey shrank rapidly to 11 kg in 2022, with a decrease of -98.9% on the previous year. Over the period under review, exports saw a sharp setback. The smallest decline of -10% was in 2021.

In value terms, exports of vegetable saps and extracts; of hopses shrank markedly to $91 in 2022. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 67%. As a result, the exports reached the peak of $18K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Mexico (11.0 kg)

Source: IndexBox Market Intelligence Platform