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

Contents:

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

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

In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $20,006 per ton, rising by 5.7% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 decreased by -3.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43%. Over the period under review, average import prices reached the peak figure at $20,667 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($22,894 per ton), while the price for the United States amounted to $19,735 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%).

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

In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $9,651 per ton, shrinking by -6.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 32% against the previous year. As a result, the export price attained the peak level of $12,816 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($21,297 per ton), while the average price for exports to Honduras amounted to $857 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+34.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

After two years of decline, supplies from abroad of hop cones; ground, powdered or in the form of pellets; lupulin increased by 149% to 11 tons in 2022. Overall, imports saw a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $223K in 2022. Over the period under review, imports recorded a noticeable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16911671.71985.4%
Germany36.625.410.422.1-15.5%
Others1.31.02.72.727.6%
Total20714384.82232.5%

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

  1. United States (10.0 tons)
  2. Germany (1.0 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin, when their volume increased by 76% to 86 kg. In general, exports, however, saw a deep setback.

In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $830 in 2022. Over the period under review, exports, however, continue to indicate a significant curtailment.

Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Costa Rica (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala1,7111,083368788-22.8%
Honduras31.071.021.042.010.7%
OthersN/AN/A117N/A0%
Total1,7421,154506830-21.9%

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

  1. Honduras (49.0 kg)
  2. Guatemala (37.0 kg)

Source: IndexBox Market Intelligence Platform

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