Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $23,723 per ton in October 2023, falling by -10.5% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 289% month-to-month. Over the period under review, average import prices attained the peak figure at $26,510 per ton in September 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($29,028 per ton), while the price for the United States ($8,724 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 UK (+3.2%), 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 Ireland (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $6,701 per ton in 2022, waning by -67.8% against the previous year. In general, the export price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 213%. As a result, the export price reached the peak level of $20,815 per ton, and then declined notably in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,711 per ton), while the average price for exports to Germany amounted to $5,366 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+267.3%), 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 Ireland
In 2022, overseas purchases of hop cones; ground, powdered or in the form of pellets; lupulin decreased by 0% to 123 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports attained the peak of 198 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin stood at $2.5M in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 798 | 2,025 | N/A | 1,270 | 16.8% |
| Belgium | 418 | 632 | N/A | 890 | 28.6% |
| United Kingdom | 354 | 395 | N/A | 164 | -22.6% |
| Germany | 202 | 120 | N/A | 118 | -16.4% |
| China | 2.7 | 5.8 | N/A | 23.7 | 106.3% |
| New Zealand | N/A | 160 | N/A | 0.4 | -95.0% |
| Others | N/A | 2.9 | N/A | 2.3 | -10.9% |
| Total | 1,775 | 3,340 | N/A | 2,469 | 11.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Ireland in 2022:
- United States (59.2 tons)
- Belgium (37.5 tons)
- United Kingdom (11.2 tons)
- Germany (9.9 tons)
- China (5.1 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland
Exports of hop cones; ground, powdered or in the form of pellets; lupulin from Ireland skyrocketed to 38 tons in 2022, picking up by 113% compared with the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 531% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin contracted significantly to $252K in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,877% against the previous year. As a result, the exports reached the peak of $368K, and then fell rapidly in the following year.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 9.6 | 251 | 2514.6% |
| Germany | 31.2 | N/A | 21.3 | 1.4 | -64.5% |
| Spain | N/A | 8.1 | 205 | N/A | 2430.9% |
| Norway | N/A | N/A | 65.3 | N/A | 0% |
| Croatia | N/A | N/A | 32.2 | N/A | 0% |
| Others | 2.6 | 10.5 | 34.3 | N/A | 263.2% |
| Total | 33.8 | 18.6 | 368 | 252 | 95.4% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Ireland in 2022:
- United Kingdom (37.3 tons)
- Germany (0.3 tons)
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