Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia - 2023
Contents:
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia (CIF) - 2022
- Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia (CIF) - 2022
In 2022, the average import price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $7,023 per ton, picking up by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 146%. The import price peaked at $15,366 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +8.0% per year.
Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia
In 2022, purchases abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -17.9% to 3.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 68%.
In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses dropped to $22K in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $25K, and then shrank in the following year.
| Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.9 | 18.2 | 25.0 | 21.6 | 6.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.9 | 18.2 | 25.0 | 21.6 | 6.5% |
Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to Latvia in 2022:
- Germany (3.1 tons)
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