Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines - 2022
Contents:
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (CIF) - 2022
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (FOB) - 2022
- Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines
- Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (CIF) - 2022
The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $12,909 per ton in 2022, picking up by 6.1% against the previous year. Over the period under review, the import price recorded a temperate increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 56%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($12,916 per ton), while the price for South Korea totaled $12,833 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced a decline.
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (FOB) - 2022
In 2022, the average export price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $13,190 per ton, flattening at the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 25%. The export price peaked in 2022 and is likely to see steady growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2014 to 2022, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.
Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines
For the third consecutive year, the Philippines recorded decline in supplies from abroad of hop cones; neither ground nor powdered nor in the form of pelletses, which decreased by -57.1% to 464 kg in 2022. In general, imports continue to indicate a sharp setback. The smallest decline of -36.4% was in 2021.
In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses dropped rapidly to $6K in 2022. Over the period under review, imports saw a sharp descent. The smallest decline of -35.3% was in 2021.
| Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.0 | 9.4 | 3.6 | 5.5 | -26.8% |
| South Korea | N/A | N/A | N/A | 0.5 | 0% |
| Hong Kong SAR | 3.8 | 5.8 | 5.0 | N/A | 14.7% |
| China | 2.7 | N/A | N/A | N/A | 0% |
| United States | 16.7 | 3.0 | 1.9 | N/A | -66.3% |
| Others | 1.3 | 2.2 | 2.6 | N/A | 41.4% |
| Total | 38.6 | 20.3 | 13.2 | 6.0 | -46.2% |
Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to the Philippines in 2022:
- Germany (428.0 kg)
- South Korea (36.0 kg)
Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines
In 2022, shipments abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by 0% to 358 kg, falling for the second consecutive year after two years of growth. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 21%. Over the period under review, the exports of hop cones; neither ground nor powdered nor in form of pelletses attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses stood at $4.7K in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 52%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 4.7 | 0% |
| Timor-Leste | N/A | 1.0 | N/A | N/A | 0% |
| Austria | 0.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 1.0 | N/A | 4.7 | 88.7% |
Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from the Philippines in 2022:
- Thailand (358.0 kg)
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