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

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Denmark (CIF) - 2023
2. Price for Vegetable Saps and Extracts; of Hops in Denmark (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Denmark
4. Exports of Vegetable Saps and Extracts; of Hops in Denmark

Price for Vegetable Saps and Extracts; of Hops in Denmark (CIF) - 2023

In October 2023, the average import price for vegetable saps and extracts; of hopses amounted to $12,529 per ton, growing by 59% against the previous month. Overall, the import price enjoyed a tangible increase. The pace of growth appeared the most rapid in November 2022 an increase of 242% month-to-month. Over the period under review, average import prices attained the maximum at $78,423 per ton in December 2022; however, from January 2023 to October 2023, 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 October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +4.2% per month.

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

The average export price for vegetable saps and extracts; of hopses stood at $5,802 per ton in 2022, picking up by 102% against the previous year. Over the period under review, the export price, however, faced a sharp reduction. Over the period under review, the average export prices reached the maximum at $89,206 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($11,132 per ton), while the average price for exports to Germany ($3,998 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 Sweden (+30.1%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Denmark

In 2022, approx. 203 tons of vegetable saps and extracts; of hopses were imported into Denmark; rising by 11% on 2021. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of vegetable saps and extracts; of hopses reduced to $2.7M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 5.9% against the previous year.

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

1. Germany (194.3 tons)
2. France (5.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Denmark

For the third consecutive year, Denmark recorded decline in shipments abroad of vegetable saps and extracts; of hopses, which decreased by -89.4% to 3.6 tons in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of -43.8% was in 2020.

In value terms, exports of vegetable saps and extracts; of hopses contracted remarkably to $21K in 2022. In general, exports saw a dramatic curtailment. The smallest decline of -25.1% was in 2020.

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

1. Greenland (3.1 tons)
2. Germany (0.4 tons)
3. Sweden (0.1 tons)

Source: IndexBox Market Intelligence Platform