Price for Vegetable Saps and Extracts; of Hops in Russia - 2022

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $33,453 per ton, reducing by -5.7% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. As a result, import price reached the peak level of $41,707 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($34,315 per ton), while the price for Germany amounted to $34,259 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for vegetable saps and extracts; of hopses stood at $31,903 per ton in 2021, jumping by 19% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 97% against the previous year. Over the period under review, the average export prices hit record highs at $67,259 per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to +13.6% per year.

Imports of Vegetable Saps and Extracts; of Hops in Russia

In 2022, the amount of vegetable saps and extracts; of hopses imported into Russia shrank to 525 tons, dropping by -4.5% against 2021 figures. In general, imports continue to indicate a noticeable reduction. The smallest decline of -3.7% was in 2021.

In value terms, imports of vegetable saps and extracts; of hopses reduced to $18M in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 0.7% against the previous year.

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

1. Germany (314.4 tons)
2. United States (14.6 tons)
3. United Kingdom (1.5 tons)

Exports of Vegetable Saps and Extracts; of Hops in Russia

In 2021, after two years of growth, there was significant decline in shipments abroad of vegetable saps and extracts; of hopses, when their volume decreased by -60.7% to 1.1 tons. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, the exports reached the peak of 2.7 tons, and then declined remarkably in the following year.

In value terms, exports of vegetable saps and extracts; of hopses shrank notably to $34K in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 113%. As a result, the exports reached the peak of $73K, and then reduced rapidly in the following year.

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

1. Belarus (1.1 tons)

Source: IndexBox Market Intelligence Platform