Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden (FOB) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $16,955 per ton in October 2023, with a decrease of -42.9% against the previous month. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in January 2023 an increase of 61% m-o-m. Over the period under review, average import prices reached the peak figure at $36,096 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($41,808 per ton), while the price for the United States ($7,760 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 Germany (+11.8%), 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 Sweden (FOB) - 2023
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $60,155 per ton in October 2023, rising by 81% against the previous month. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in June 2023 an increase of 168% m-o-m. The export price peaked in October 2023.
As there is only one major export destination, the average price level is determined by prices for Norway.
From October 2022 to October 2023, the rate of growth in terms of prices for Norway amounted to +25.9% per month.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden
In 2022, approx. 350 tons of hop cones; ground, powdered or in the form of pellets; lupulin were imported into Sweden; reducing by -3.6% compared with the previous year. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin contracted notably to $8.2M in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of $10M, and then dropped notably in the following year.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 4.1 | 4.1 | 3.8 | -4.8% |
| Belgium | 3.5 | 2.9 | 4.3 | 2.8 | -7.2% |
| United Kingdom | 1.2 | 1.6 | 0.4 | 0.6 | -20.6% |
| United States | 0.1 | 0.2 | 0.6 | 0.3 | 44.2% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| New Zealand | N/A | N/A | 0.6 | 0.2 | -66.7% |
| Others | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Total | 9.3 | 8.9 | 10.2 | 8.2 | -4.1% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Sweden in 2022:
- Germany (183.0 tons)
- Belgium (87.0 tons)
- United Kingdom (34.2 tons)
- Poland (15.0 tons)
- United States (12.5 tons)
- New Zealand (7.5 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden
In 2022, after three years of growth, there was significant decline in overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin, when their volume decreased by -20.3% to 69 tons. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 when exports increased by 76% against the previous year. As a result, the exports attained the peak of 86 tons, and then dropped remarkably in the following year.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin contracted to $1.5M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports attained the peak of $1.7M, and then reduced in the following year.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 539 | 986 | 1,192 | 702 | 9.2% |
| Denmark | 11.0 | 11.6 | 81.6 | 383 | 226.5% |
| Finland | 98.1 | 227 | 350 | 340 | 51.3% |
| France | 19.1 | 8.1 | 19.9 | 13.0 | -12.0% |
| United Kingdom | 498 | 21.2 | 0.2 | N/A | -98.0% |
| Others | 12.4 | 17.6 | 22.8 | 12.7 | 0.8% |
| Total | 1,178 | 1,271 | 1,667 | 1,451 | 7.2% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Sweden in 2022:
- Norway (41.6 tons)
- Denmark (13.5 tons)
- Finland (11.3 tons)
- France (1.1 tons)
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