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

Contents:

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

Price for Vegetable Saps and Extracts; of Hops in India (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $30,536 per ton in 2022, shrinking by -19.1% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable saps and extracts; of hopses decreased by -40.7% against 2017 indices. The growth pace was the most rapid in 2016 when the average import price increased by 64%. The import price peaked at $51,462 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($31,427 per ton), while the price for the United States totaled $17,862 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.0%).

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

The average export price for vegetable saps and extracts; of hopses stood at $45,279 per ton in November 2023, with a decrease of -95.8% against the previous month. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices attained the maximum at $1.1M per ton in October 2023, and then declined markedly in the following month.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From November 2022 to November 2023, the rate of growth in terms of prices for Sri Lanka amounted to -2.9% per month.

Imports of Vegetable Saps and Extracts; of Hops in India

In 2022, approx. 112 tons of vegetable saps and extracts; of hopses were imported into India; jumping by 41% against the previous year's figure. Overall, imports posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of vegetable saps and extracts; of hopses rose markedly to $3.4M in 2022. In general, imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year.

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

1. Germany (100.3 tons)
2. United States (8.9 tons)
3. United Kingdom (1.5 tons)

Exports of Vegetable Saps and Extracts; of Hops in India

For the fourth consecutive year, India recorded growth in shipments abroad of vegetable saps and extracts; of hopses, which increased by 1,496% to 4.7 tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $317K in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Sri Lanka (4.6 tons)
2. Bhutan (0.1 tons)

Source: IndexBox Market Intelligence Platform