Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India (FOB) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $11,699 per ton in October 2023, with an increase of 91% against the previous month. Over the period under review, import price indicated mild growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin increased by +90.8% against September 2023 indices. The import price peaked at $12,433 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($42,379 per ton), while the price for Germany ($11,045 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India (FOB) - 2023
In September 2023, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $17,540 per ton, declining by -44% against the previous month. In general, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 1,584% month-to-month. The export price peaked at $33,906 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bhutan ($30,099 per ton), while the average price for exports to Sri Lanka stood at $17,319 per ton.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into India soared to 779 tons in 2022, jumping by 53% against 2021 figures. Overall, imports saw a modest increase. As a result, imports attained 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 surged to $7.8M in 2022. Over the period under review, imports continue to indicate a tangible increase. As a result, imports attained 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 India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 3.3 | 3.8 | 6.5 | 5.1% |
| United States | 1.3 | 0.5 | 1.2 | 1.2 | -2.6% |
| Others | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
| Total | 7.3 | 4.0 | 5.2 | 7.8 | 2.2% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to India in 2022:
- Germany (620.3 tons)
- United States (150.2 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India
In 2022, approx. 11 tons of hop cones; ground, powdered or in the form of pellets; lupulin were exported from India; growing by 24% against the previous year's figure. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 164% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin rose rapidly to $272K in 2022. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. As a result, the exports attained the peak of $431K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bhutan | 197 | 306 | 218 | 123 | -14.5% |
| Sri Lanka | N/A | N/A | N/A | 84.1 | 0% |
| Nepal | 1.0 | 125 | 25.2 | 43.9 | 252.8% |
| Bangladesh | 3.3 | N/A | 14.1 | 21.7 | 87.3% |
| Tanzania | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 0.9 | N/A | 800.0% |
| Total | 201 | 431 | 259 | 272 | 10.6% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from India in 2022:
- Sri Lanka (4.0 tons)
- Bhutan (3.6 tons)
- Nepal (1.9 tons)
- Bangladesh (0.8 tons)
- Tanzania (0.2 tons)
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