Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $23,000 per ton in December 2023, picking up by 38% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 96% m-o-m. The import price peaked at $29,251 per ton in September 2023; however, from October 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($31,482 per ton), while the price for Germany ($18,226 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), 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 Norway (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $30,119 per ton in 2022, picking up by 30% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($30,173 per ton), while the average price for exports to Sweden amounted to $30,112 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+20.3%).
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway
After three years of growth, purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -7% to 309 tons in 2022. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of 332 tons, and then dropped in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin dropped rapidly to $6M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 780 | 2,174 | 3,045 | 3,877 | 70.7% |
| Germany | 941 | 738 | 936 | 993 | 1.8% |
| United Kingdom | 724 | 614 | 362 | 474 | -13.2% |
| Slovenia | 99.0 | 148 | 170 | 190 | 24.3% |
| Belgium | 32.1 | 19.7 | 30.1 | 156 | 69.4% |
| Czech Republic | 37.0 | 45.5 | 49.8 | 155 | 61.2% |
| Denmark | 219 | 6.0 | 4.6 | 1.4 | -81.4% |
| Others | 2,307 | 2,508 | 2,884 | 123 | -62.4% |
| Total | 5,140 | 6,253 | 7,482 | 5,970 | 5.1% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Norway in 2022:
- United States (172.0 tons)
- Germany (81.3 tons)
- United Kingdom (21.7 tons)
- Czech Republic (13.0 tons)
- Slovenia (12.9 tons)
- Belgium (4.9 tons)
- Denmark (0.1 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway
Exports of hop cones; ground, powdered or in the form of pellets; lupulin from Norway skyrocketed to 4.5 tons in 2022, picking up by 101% compared with the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $136K in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 17.2 | 12.2 | 38.9 | 121 | 91.6% |
| Germany | N/A | N/A | N/A | 14.5 | 0% |
| Georgia | N/A | 0.4 | N/A | N/A | 0% |
| Others | 11.1 | 7.6 | 12.9 | N/A | 7.8% |
| Total | 28.3 | 20.2 | 51.8 | 136 | 68.8% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Norway in 2022:
- Sweden (4.0 tons)
- Germany (0.5 tons)
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