Price for Vegetable Saps and Extracts; of Hops in Vietnam - 2022

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $32,050 per ton, shrinking by -11.2% against the previous year. In general, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 23%. The import price peaked at $41,061 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($32,050 per ton), while the price for Germany amounted to $32,050 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.5%).

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

The average export price for vegetable saps and extracts; of hopses stood at $33,274 per ton in 2022, reducing by -8.3% against the previous year. Overall, the export price, however, continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2019 an increase of 8.9% against the previous year. As a result, the export price attained the peak level of $43,290 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($33,913 per ton) and Lao People's Democratic Republic ($33,282 per ton), while the average price for exports to Russia ($33,259 per ton) and Hong Kong SAR ($33,266 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+32.0%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of vegetable saps and extracts; of hopses, when their volume increased by 58% to 526 tons. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $17M in 2022. In general, imports, however, showed a noticeable setback.

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

1. United States (428.2 tons)
2. Germany (91.2 tons)
3. China (0.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in Vietnam

In 2022, the amount of vegetable saps and extracts; of hopses exported from Vietnam soared to 3.6 tons, jumping by 1,000% compared with the previous year's figure. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $120K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Hong Kong SAR (1358.0 kg)
2. Lao People's Democratic Republic (1276.0 kg)
3. Russia (961.0 kg)

Source: IndexBox Market Intelligence Platform