Price for Vegetable Saps and Extracts; of Hops in Germany - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Hops in Germany (FOB) - 2023
- Price for Vegetable Saps and Extracts; of Hops in Germany (CIF) - 2023
- Exports of Vegetable Saps and Extracts; of Hops in Germany
- Imports of Vegetable Saps and Extracts; of Hops in Germany
Price for Vegetable Saps and Extracts; of Hops in Germany (FOB) - 2023
In November 2023, the average export price for vegetable saps and extracts; of hopses amounted to $38,761 per ton, surging by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in December 2022 an increase of 22% month-to-month. The export price peaked at $43,829 per ton in March 2023; however, from April 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($107K per ton), while the average price for exports to Vietnam ($21,926 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 Switzerland (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Saps and Extracts; of Hops in Germany (CIF) - 2023
In November 2023, the average import price for vegetable saps and extracts; of hopses amounted to $29,630 per ton, picking up by 26% against the previous month. Over the period under review, import price indicated a measured expansion from November 2022 to November 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for vegetable saps and extracts; of hopses increased by +3.2% against August 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 126% month-to-month. Over the period under review, average import prices hit record highs at $35,491 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($36,430 per ton), while the price for Belgium ($7,013 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 Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Saps and Extracts; of Hops in Germany
Exports of vegetable saps and extracts; of hopses from Germany reduced modestly to 4.3K tons in 2022, which is down by -2.8% against 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports attained the peak of 4.4K tons, and then contracted slightly in the following year.
In value terms, exports of vegetable saps and extracts; of hopses dropped to $147M in 2022. In general, exports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, the exports attained the peak of $170M, and then dropped in the following year.
| Export of Vegetable Saps and Extracts; of Hops in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.9 | 6.8 | 9.6 | 10.3 | 5.0% |
| Spain | 10.5 | 7.7 | 10.7 | 8.8 | -5.7% |
| United Kingdom | 6.2 | 8.4 | 9.6 | 8.1 | 9.3% |
| Russia | 12.1 | 5.9 | 6.5 | 6.2 | -20.0% |
| Netherlands | 6.4 | 5.4 | 6.9 | 5.7 | -3.8% |
| Poland | 8.2 | 8.6 | 6.7 | 4.9 | -15.8% |
| France | 5.9 | 6.6 | 7.2 | 4.8 | -6.6% |
| Turkey | 3.1 | 3.9 | 3.1 | 4.7 | 14.9% |
| Brazil | 2.0 | 2.9 | 4.8 | 4.6 | 32.0% |
| United States | 0.6 | 3.7 | 7.6 | 4.4 | 94.3% |
| Mexico | 12.5 | 13.3 | 13.3 | 3.7 | -33.4% |
| Italy | 3.9 | 4.0 | 3.0 | 3.5 | -3.5% |
| Belgium | 4.3 | 4.3 | 2.7 | 3.5 | -6.6% |
| Others | 77.8 | 66.6 | 78.2 | 73.7 | -1.8% |
| Total | 162 | 148 | 170 | 147 | -3.2% |
Top Export Markets for Vegetable Saps and Extracts; of Hops from Germany in 2022:
- United Kingdom (277.5 tons)
- Spain (252.4 tons)
- Japan (201.0 tons)
- Russia (190.7 tons)
- Netherlands (168.6 tons)
- France (135.1 tons)
- Turkey (134.4 tons)
- Poland (134.1 tons)
- Belgium (131.7 tons)
- United States (130.9 tons)
- Brazil (130.3 tons)
- Italy (129.7 tons)
- Mexico (120.9 tons)
Imports of Vegetable Saps and Extracts; of Hops in Germany
In 2022, supplies from abroad of vegetable saps and extracts; of hopses was finally on the rise to reach 535 tons after two years of decline. In general, imports showed a relatively flat trend pattern. 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 soared to $14M in 2022. Overall, imports, however, saw a abrupt decrease.
| Import of Vegetable Saps and Extracts; of Hops in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.1 | 10.5 | 5.8 | 10.4 | -13.6% |
| United Kingdom | 2.2 | 1.7 | 2.4 | 2.1 | -1.5% |
| Slovenia | N/A | N/A | N/A | 1.3 | 0% |
| Poland | N/A | N/A | N/A | 0.4 | 0% |
| Belgium | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| China | 1.0 | 0.6 | N/A | N/A | -40.0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 19.6 | 12.9 | 8.4 | 14.5 | -9.6% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to Germany in 2022:
- United States (329.0 tons)
- United Kingdom (130.0 tons)
- Slovenia (34.7 tons)
- Belgium (28.0 tons)
- Poland (11.2 tons)
- China (1.2 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
