Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus - 2022

Contents:

  1. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (FOB) - 2022
  2. Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (CIF) - 2022
  3. Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus
  4. Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (FOB) - 2022

The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $7,251 per ton in March 2022, picking up by 5.7% against the previous month. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in August 2021 when the average export price increased by 191% against the previous month. As a result, the export price reached the peak level of $9,089 per ton. From September 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

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

From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to +14.3% per month.

Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (CIF) - 2022

The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $7,698 per ton in 2022, with an increase of 37% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin increased by +66.2% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $9,811 per ton. From 2014 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 Russia ($23,923 per ton), while the price for the United States ($4,387 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus

In 2022, the amount of hop cones; ground, powdered or in the form of pellets; lupulin exported from Belarus skyrocketed to 1.3K tons, growing by 190% on 2021. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin skyrocketed to $4.9M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.41.41.74.951.8%
OthersN/A0.1N/AN/A0%
Total1.41.51.74.951.8%

Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Belarus in 2022:

  1. Russia (1.3K tons)

Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus

In 2022, purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -35.3% to 287 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports attained the peak of 587 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin shrank to $2.2M in 2022. In general, imports saw a abrupt setback. The smallest decline of -7.4% was in 2020.

Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,5401,203655821-18.9%
United Kingdom7838451,038764-0.8%
Russia1762352681973.8%
Slovenia39.113622916962.9%
Ukraine266164147139-19.5%
United States12694.010678.8-14.5%
Others5.342.258.643.1101.1%
Total2,9352,7192,5012,212-9.0%

Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Belarus in 2022:

  1. United Kingdom (131.2 tons)
  2. Germany (85.5 tons)
  3. Slovenia (21.6 tons)
  4. Ukraine (20.9 tons)
  5. United States (18.0 tons)
  6. Russia (8.2 tons)

Source: IndexBox Market Intelligence Platform

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