Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $14,488 per ton in November 2023, rising by 13% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 99.9% month-to-month. As a result, import price reached the peak level of $20,020 per ton. From August 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($40,115 per ton), while the price for Germany ($10,968 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+5.6%), 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 Japan (FOB) - 2022
In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $948,833 per ton, waning by -3.6% against the previous year. In general, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.3% against the previous year. As a result, the export price reached the peak level of $983,857 per ton, and then reduced modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,575,000 per ton), while the average price for exports to Hong Kong SAR ($26,000 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+364.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into Japan reached 4.1K tons in 2022, with an increase of 9.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.1% 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 2020 when imports increased by 37%. As a result, imports attained the peak of 4.5K 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 totaled $48M in 2022. The total import value increased at an average annual rate of +8.9% 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 2020 when imports increased by 36% against the previous year. As a result, imports attained the peak of $50M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.4 | 16.6 | 14.5 | 24.1 | 28.3% |
| Czech Republic | 4.3 | 6.0 | 6.5 | 12.6 | 43.1% |
| United States | 4.9 | 5.0 | 5.4 | 9.2 | 23.4% |
| Others | 16.4 | 22.7 | 21.2 | 1.9 | -51.3% |
| Total | 37.0 | 50.4 | 47.5 | 47.8 | 8.9% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Japan in 2022:
- Germany (2.6K tons)
- Czech Republic (1.0K tons)
- United States (0.4K tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan
In 2022, shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -14.3% to 6 kg for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +9.5% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of 7 kg, and then reduced in the following year.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin shrank sharply to $5.7K in 2022. Over the period under review, total exports indicated prominent growth from 2020 to 2022: its value increased at an average annual rate of +12.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $6.9K, and then reduced notably in the following year.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 2.7 | 3.1 | 2.6 | -1.9% | |
| Taiwan (Chinese) | 1.7 | 2.1 | 1.9 | 5.7% | |
| Ireland | N/A | N/A | 0.6 | 0% | |
| Hong Kong SAR | N/A | N/A | N/A | 0% | |
| South Korea | N/A | N/A | N/A | 0% | |
| Germany | N/A | N/A | N/A | 0% | |
| China | N/A | 1.2 | N/A | 0% | |
| Canada | N/A | 0.3 | N/A | 0% | |
| Others | N/A | N/A | 0.6 | 0% | |
| Total | 4.5 | 6.9 | 5.7 | 12.5% | |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Japan in 2022:
- Taiwan (Chinese) (1.0 kg)
- India (1.0 kg)
- Germany (1.0 kg)
- Ireland (1.0 kg)
- Hong Kong SAR (1.0 kg)
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