Price for Vegetable Saps and Extracts; of Hops in Australia - 2024

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Australia (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Hops in Australia (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Australia
4. Exports of Vegetable Saps and Extracts; of Hops in Australia

Price for Vegetable Saps and Extracts; of Hops in Australia (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $19,711 per ton, reducing by -12.7% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $23,221 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($36,524 per ton), while the price for the United States ($18,356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Vegetable Saps and Extracts; of Hops in Australia (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $19,689 per ton, jumping by 51% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 74% against the previous year. The export price peaked at $43,755 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,112,239 per ton), while the average price for exports to New Zealand ($16,856 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+388.6%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Australia

In 2022, imports of vegetable saps and extracts; of hopses into Australia expanded sharply to 255 tons, growing by 8.2% on the year before. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses declined to $5M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of $5.3M, and then dropped in the following year.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Australia in 2022:

1. United States (228.7 tons)
2. United Kingdom (15.5 tons)
3. Germany (8.2 tons)

Exports of Vegetable Saps and Extracts; of Hops in Australia

In 2022, the amount of vegetable saps and extracts; of hopses exported from Australia dropped notably to 48 tons, falling by -55.2% compared with the year before. Overall, exports faced a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 101%. As a result, the exports attained the peak of 108 tons, and then reduced dramatically in the following year.

In value terms, exports of vegetable saps and extracts; of hopses fell rapidly to $950K in 2022. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 102%. As a result, the exports attained the peak of $1.4M, and then fell remarkably in the following year.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Australia in 2022:

1. New Zealand (46.6 tons)
2. Indonesia (1.5 tons)
3. Hong Kong SAR (0.1 tons)

Source: IndexBox Market Intelligence Platform