Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (FOB) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $22,066 per ton in November 2023, with an increase of 7.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 21% against the previous month. As a result, import price reached the peak level of $23,006 per ton. From April 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($25,282 per ton), while the price for Germany ($8,892 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 Germany (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (FOB) - 2023
In November 2023, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $17,538 per ton, surging by 362% against the previous month. Over the period under review, the export price recorded a pronounced increase. Over the period under review, the average export prices reached the maximum at $30,710 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($20,857 per ton), while the average price for exports to Belgium ($13,280 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+14.5%), 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 the UK
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into the UK surged to 4.4K tons in 2022, rising by 109% on the previous year. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $80M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.4 | 21.5 | 22.7 | 62.9 | 39.0% |
| Germany | 8.3 | 8.3 | 9.8 | 8.7 | 1.6% |
| Australia | 2.4 | 2.2 | 0.4 | 2.9 | 6.5% |
| Czech Republic | 0.3 | 0.6 | 0.7 | 2.4 | 100.0% |
| New Zealand | 2.5 | 4.6 | 4.4 | 1.8 | -10.4% |
| Others | 1.3 | 0.9 | 0.5 | 0.9 | -11.5% |
| Total | 38.3 | 38.0 | 38.5 | 79.5 | 27.6% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to the UK in 2022:
- United States (2933.7 tons)
- Germany (1037.5 tons)
- Czech Republic (159.1 tons)
- Australia (104.2 tons)
- New Zealand (85.5 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK
In 2022, shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin was finally on the rise to reach 743 tons after two years of decline. Over the period under review, exports, however, recorded a dramatic contraction.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin rose slightly to $8.9M in 2022. In general, exports, however, recorded a sharp slump.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3,332 | 3,069 | 1,338 | 976 | -33.6% |
| United States | 2,260 | 1,558 | 267 | 877 | -27.1% |
| Kyrgyzstan | N/A | N/A | N/A | 848 | 0% |
| Sweden | 1,393 | 2,096 | 1,455 | 806 | -16.7% |
| Germany | 2,254 | 3,392 | 690 | 793 | -29.4% |
| Australia | 441 | 665 | 535 | 702 | 16.8% |
| Poland | 365 | 393 | 52.2 | 575 | 16.4% |
| Belarus | N/A | N/A | N/A | 421 | 0% |
| Canada | 465 | 326 | 791 | 374 | -7.0% |
| Belgium | 1,621 | 1,116 | 449 | 280 | -44.3% |
| France | 1,749 | 1,435 | 445 | 278 | -45.8% |
| Netherlands | 844 | 886 | 160 | 264 | -32.1% |
| Serbia | 13.0 | N/A | 3.1 | 202 | 149.5% |
| Others | 9,824 | 8,729 | 2,576 | 1,513 | -46.4% |
| Total | 24,560 | 23,664 | 8,760 | 8,909 | -28.7% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from the UK in 2022:
- Russia (157.1 tons)
- Kyrgyzstan (116.0 tons)
- Belarus (74.8 tons)
- United States (61.1 tons)
- Germany (51.1 tons)
- Australia (50.3 tons)
- Sweden (40.1 tons)
- Poland (25.6 tons)
- Canada (23.3 tons)
- Serbia (19.8 tons)
- Netherlands (15.4 tons)
- Belgium (15.3 tons)
- France (14.0 tons)
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