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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $32,333 per ton in November 2023, with an increase of 1.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in January 2023 an increase of 17% against the previous month. As a result, import price attained the peak level of $35,066 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($35,562 per ton), while the price for Belgium amounted to $30,027 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $73,476 per ton, flattening at the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 142% against the previous year. As a result, the export price attained the peak level of $73,500 per ton; afterwards, it flattened through to 2022.

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 Norway ($271,000 per ton), while the average price for exports to the Netherlands totaled $63,600 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.4%).

Imports of Vegetable Saps and Extracts; of Hops in Hungary

In 2022, the amount of vegetable saps and extracts; of hopses imported into Hungary reduced slightly to 42 tons, falling by -4.2% on the year before. Over the period under review, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports attained the peak of 44 tons, and then shrank slightly in the following year.

In value terms, imports of vegetable saps and extracts; of hopses shrank to $1.3M in 2022. In general, imports saw a mild contraction. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, imports attained the peak of $1.5M, and then declined in the following year.

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

1. Belgium (30.0 tons)
2. Germany (10.6 tons)
3. United States (1.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Hungary

For the third year in a row, Hungary recorded decline in overseas shipments of vegetable saps and extracts; of hopses, which decreased by 0% to 21 kg in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -91.6% was in 2020.

In value terms, exports of vegetable saps and extracts; of hopses totaled $1.5K in 2022. Overall, exports continue to indicate a significant curtailment. The smallest decline of -79.7% was in 2020.

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

1. Netherlands (20.0 kg)
2. Norway (1.0 kg)

Source: IndexBox Market Intelligence Platform