Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (FOB) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (CIF) - 2022
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $51,745 per ton in 2022, surging by 5.2% against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 113%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($59,978 per ton), while the average price for exports to the Netherlands ($36,944 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $19,416 per ton in 2022, dropping by -8.2% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 -19.1% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 54%. As a result, import price reached the peak level of $24,139 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 Estonia ($51,451 per ton), while the price for Lithuania ($9,341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia
For the fourth consecutive year, Latvia recorded growth in overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin, which increased by 15% to 9 tons in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 447%. Over the period under review, the exports of hop cones; ground, powdered or in form of pellets; lupulin hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $464K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,064% against the previous year. Over the period under review, the exports of hop cones; ground, powdered or in form of pellets; lupulin hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 25.9 | 151 | 351 | 268.1% |
| Denmark | N/A | 201 | 173 | 91.2 | -32.6% |
| Netherlands | N/A | 73.8 | 22.0 | 10.5 | -62.3% |
| France | N/A | 16.4 | 19.7 | 6.6 | -36.6% |
| Russia | 29.1 | N/A | N/A | N/A | 0% |
| Sweden | N/A | 10.0 | 11.6 | N/A | 16.0% |
| Others | N/A | 11.1 | 8.0 | 4.5 | -36.3% |
| Total | 29.1 | 339 | 385 | 464 | 151.7% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Latvia in 2022:
- Belgium (6.9 tons)
- Denmark (1.5 tons)
- Netherlands (0.3 tons)
- France (0.2 tons)
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into Latvia soared to 14 tons in 2022, with an increase of 111% on 2021 figures. Overall, imports showed slight growth.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin skyrocketed to $273K in 2022. Over the period under review, imports, however, continue to indicate a deep contraction.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 201 | 180 | 103 | 99.2 | -21.0% |
| Belgium | N/A | 1.1 | 0.7 | 67.2 | 681.6% |
| Czech Republic | 24.6 | N/A | N/A | 57.4 | 32.6% |
| Estonia | 49.9 | 9.5 | 21.2 | 20.3 | -25.9% |
| Lithuania | 11.3 | 25.1 | 14.7 | 13.1 | 5.1% |
| United States | 9.4 | 31.6 | N/A | 9.6 | 0.7% |
| United Kingdom | N/A | 129 | N/A | N/A | 0% |
| Canada | 28.3 | 161 | N/A | N/A | 468.9% |
| Others | N/A | 0.4 | 2.2 | 6.5 | 303.1% |
| Total | 324 | 537 | 141 | 273 | -5.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Latvia in 2022:
- Germany (6.8 tons)
- Belgium (3.3 tons)
- Czech Republic (1.7 tons)
- Lithuania (1.4 tons)
- Estonia (0.4 tons)
- United States (0.4 tons)
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