Price for Vegetable Saps and Extracts; of Hops in Belgium - 2023

Contents:

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

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $19,608 per ton, shrinking by -52.6% against the previous year. In general, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 33%. Over the period under review, the average export prices reached the peak figure at $59,631 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($55,436 per ton), while the average price for exports to Germany ($4,361 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 Brazil (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $13,928 per ton, flattening at the previous year. Overall, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $35,228 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($24,528 per ton), while the price for France ($6,278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.0%), while the prices for the other major suppliers experienced a decline.

Exports of Vegetable Saps and Extracts; of Hops in Belgium

In 2022, the amount of vegetable saps and extracts; of hopses exported from Belgium soared to 614 tons, growing by 127% on 2021 figures. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 247% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of vegetable saps and extracts; of hopses reached $12M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 363% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Germany (232.4 tons)
2. Netherlands (131.3 tons)
3. Spain (82.0 tons)
4. France (37.5 tons)
5. Congo (23.5 tons)
6. Brazil (17.2 tons)
7. Argentina (14.5 tons)
8. Portugal (11.1 tons)
9. Italy (7.8 tons)
10. Algeria (6.6 tons)
11. United Kingdom (2.3 tons)

Imports of Vegetable Saps and Extracts; of Hops in Belgium

In 2022, purchases abroad of vegetable saps and extracts; of hopses decreased by -6.7% to 770 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 89% against the previous year. As a result, imports attained the peak of 825 tons, and then fell in the following year.

In value terms, imports of vegetable saps and extracts; of hopses fell to $11M in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 135%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (360.3 tons)
2. United States (263.9 tons)
3. United Kingdom (103.7 tons)
4. France (19.8 tons)

Source: IndexBox Market Intelligence Platform