Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $8,409 per ton in 2022, waning by -13.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 49%. As a result, import price attained the peak level of $9,769 per ton, and then dropped in the following year.
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 the United States ($35,373 per ton), while the price for Germany ($7,879 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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $15,167 per ton in 2022, approximately reflecting the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for hop cones; ground, powdered or in the form of pellets; lupulin decreased by -38.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 64%. Over the period under review, the average export prices attained the peak figure at $24,500 per ton in 2017; however, from 2018 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 Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +3.5% per year.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana
In 2022, the amount of hop cones; ground, powdered or in the form of pellets; lupulin imported into Ghana declined to 39 tons, which is down by -13.4% compared with the previous year. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of 45 tons, and then fell in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin declined remarkably to $329K in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. As a result, imports attained the peak of $441K, and then dropped remarkably in the following year.
Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 214 | 209 | 425 | 301 | 12.0% |
Others | 19.5 | 7.4 | 16.8 | 28.0 | 12.8% |
Total | 233 | 217 | 441 | 329 | 12.2% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Ghana in 2022:
- Germany (38.2 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana
After three years of growth, overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin decreased by 0% to 6 kg in 2022. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin reached $91 in 2022. Overall, exports continue to indicate a mild shrinkage.
Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 94.0 | 92.0 | 90.0 | 91.0 | -1.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 94.0 | 92.0 | 90.0 | 91.0 | -1.1% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Ghana in 2022:
- Canada (6.0 kg)
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