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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $13,909 per ton in November 2023, increasing by 72% against the previous month. In general, the import price recorded a notable increase. The most prominent rate of growth was recorded in December 2022 an increase of 128% m-o-m. Over the period under review, average import prices reached the peak figure at $40,162 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($69,063 per ton), while the price for the UK ($7,855 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; of Hops in France (FOB) - 2023

The average export price for vegetable saps and extracts; of hopses stood at $7,919 per ton in November 2023, dropping by -23.4% against the previous month. Overall, the export price saw a slight descent. The growth pace was the most rapid in February 2023 an increase of 96% against the previous month. The export price peaked at $47,420 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Sweden ($34,763 per ton), while the average price for exports to the Netherlands ($4,913 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Hops in France

In 2022, imports of vegetable saps and extracts; of hopses into France surged to 791 tons, rising by 16% compared with the previous year. In general, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses contracted to $15M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, imports reached the peak of $15M, and then reduced in the following year.

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

1. United Kingdom (555.4 tons)
2. Germany (166.3 tons)
3. Belgium (49.5 tons)
4. Netherlands (12.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in France

In 2022, overseas shipments of vegetable saps and extracts; of hopses decreased by -2.5% to 314 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 879% against the previous year. As a result, the exports attained the peak of 322 tons, and then shrank in the following year.

In value terms, exports of vegetable saps and extracts; of hopses dropped rapidly to $5.7M in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 370%. As a result, the exports attained the peak of $7.2M, and then dropped markedly in the following year.

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

1. Spain (53.2 tons)
2. Belgium (45.2 tons)
3. Germany (40.1 tons)
4. Sweden (29.9 tons)
5. Netherlands (28.5 tons)
6. Denmark (14.6 tons)
7. Bulgaria (13.5 tons)
8. Algeria (11.1 tons)
9. Poland (10.7 tons)
10. Portugal (10.5 tons)
11. Czech Republic (10.4 tons)
12. Romania (6.4 tons)
13. Italy (5.9 tons)

Source: IndexBox Market Intelligence Platform