Price for Vegetable Saps and Extracts; of Hops in Malaysia - 2024

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Malaysia (CIF) - 2024
2. Price for Vegetable Saps and Extracts; of Hops in Malaysia (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Malaysia
4. Exports of Vegetable Saps and Extracts; of Hops in Malaysia

Price for Vegetable Saps and Extracts; of Hops in Malaysia (CIF) - 2024

The average import price for vegetable saps and extracts; of hopses stood at $53,827 per ton in January 2024, rising by 110% against the previous month. Overall, the import price showed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($67,932 per ton), while the price for the United States stood at $25,054 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vegetable saps and extracts; of hopses stood at $2,199 per ton in 2022, dropping by -49% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 an increase of 199% against the previous year. The export price peaked at $9,711 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -13.8% per year.

Imports of Vegetable Saps and Extracts; of Hops in Malaysia

In 2022, approx. 58 tons of vegetable saps and extracts; of hopses were imported into Malaysia; growing by 4.3% against 2021 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.9% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses fell to $1.7M in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 6.2% against the previous year.

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

1. United States (42.8 tons)
2. Germany (11.0 tons)
3. Hong Kong SAR (2.6 tons)
4. China (0.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in Malaysia

In 2022, approx. 2.5 tons of vegetable saps and extracts; of hopses were exported from Malaysia; surging by 32% against 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.5% against 2019 indices. 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 reduced dramatically to $5.5K in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 189% against the previous year. As a result, the exports attained the peak of $8.2K, and then shrank dramatically in the following year.

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

1. Indonesia (2.5 tons)

Source: IndexBox Market Intelligence Platform