Price for Vegetable Saps and Extracts; of Hops in Estonia - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Hops in Estonia (FOB) - 2022
- Price for Vegetable Saps and Extracts; of Hops in Estonia (CIF) - 2022
- Exports of Vegetable Saps and Extracts; of Hops in Estonia
- Imports of Vegetable Saps and Extracts; of Hops in Estonia
Price for Vegetable Saps and Extracts; of Hops in Estonia (FOB) - 2022
In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $42,043 per ton, reducing by -12.2% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable saps and extracts; of hopses decreased by -30.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. The export price peaked at $60,177 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($56,839 per ton), while the average price for exports to Latvia ($37,229 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 Russia (+204.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vegetable Saps and Extracts; of Hops in Estonia (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $25,737 per ton, surging by 34% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 35%. As a result, import price attained the peak level of $52,418 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($36,646 per ton), while the price for Italy ($6,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vegetable Saps and Extracts; of Hops in Estonia
For the fourth year in a row, Estonia recorded growth in overseas shipments of vegetable saps and extracts; of hopses, which increased by 21% to 13 tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 350% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of vegetable saps and extracts; of hopses expanded significantly to $560K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 481%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Export of Vegetable Saps and Extracts; of Hops in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 32.4 | 209 | 324 | 350 | 121.1% |
Latvia | 0.8 | 0.5 | 183 | 159 | 483.6% |
Lithuania | 4.3 | N/A | 19.1 | 52.0 | 129.5% |
Others | N/A | 8.1 | 0.7 | N/A | -91.4% |
Total | 37.5 | 218 | 526 | 560 | 146.3% |
Top Export Markets for Vegetable Saps and Extracts; of Hops from Estonia in 2022:
- Finland (8.2 tons)
- Latvia (4.3 tons)
- Lithuania (0.9 tons)
Imports of Vegetable Saps and Extracts; of Hops in Estonia
In 2022, purchases abroad of vegetable saps and extracts; of hopses decreased by -53.2% to 17 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of 36 tons, and then declined remarkably in the following year.
In value terms, imports of vegetable saps and extracts; of hopses shrank sharply to $430K in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 8% against the previous year. As a result, imports reached the peak of $688K, and then reduced rapidly in the following year.
Import of Vegetable Saps and Extracts; of Hops in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 511 | 415 | 332 | 312 | -15.2% |
Finland | N/A | 40.2 | 187 | 55.3 | 17.3% |
Netherlands | N/A | N/A | N/A | 21.0 | 0% |
Czech Republic | 12.1 | 6.4 | 24.5 | 15.5 | 8.6% |
Belgium | 2.1 | 40.1 | 19.5 | 7.3 | 51.5% |
Italy | N/A | N/A | N/A | 4.6 | 0% |
United Kingdom | 71.2 | 103 | 95.7 | 1.0 | -75.9% |
Others | 0.1 | 31.6 | 29.1 | 12.5 | 400.0% |
Total | 596 | 636 | 688 | 430 | -10.3% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to Estonia in 2022:
- Germany (10.2 tons)
- Finland (3.1 tons)
- Czech Republic (1.2 tons)
- Italy (0.7 tons)
- Netherlands (0.6 tons)
- Belgium (0.3 tons)
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