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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $32,058 per ton in 2022, waning by -10.6% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 increased by +1.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 43%. As a result, import price attained the peak level of $46,836 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($65,770 per ton), while the price for Germany ($30,219 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vegetable saps and extracts; of hopses stood at $30,311 per ton in 2022, increasing by 8.7% against the previous year. In general, the export price showed notable growth. The most prominent rate of growth was recorded in 2015 an increase of 75%. The export price peaked at $46,738 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($33,949 per ton), while the average price for exports to the UK amounted to $18,805 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+5.0%).

Imports of Vegetable Saps and Extracts; of Hops in Portugal

Imports of vegetable saps and extracts; of hopses into Portugal reduced slightly to 70 tons in 2022, dropping by -2.6% against 2021. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 5.1% against the previous year.

In value terms, imports of vegetable saps and extracts; of hopses reduced to $2.2M in 2022. Overall, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 4.2% against the previous year. As a result, imports reached the peak of $2.6M, and then contracted in the following year.

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

1. Germany (52.9 tons)
2. Belgium (16.6 tons)

Exports of Vegetable Saps and Extracts; of Hops in Portugal

In 2022, overseas shipments of vegetable saps and extracts; of hopses decreased by -47% to 6 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 106%.

In value terms, exports of vegetable saps and extracts; of hopses fell markedly to $183K in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 107%. As a result, the exports attained the peak of $480K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Angola (4.6 tons)
2. United Kingdom (1.4 tons)

Source: IndexBox Market Intelligence Platform