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

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Slovakia (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Hops in Slovakia

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $32,736 per ton, shrinking by -16% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 40%. The import price peaked at $38,992 per ton in 2021, and then declined remarkably in the following year.

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 Germany ($33,180 per ton), while the price for Italy ($4,254 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+140.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in Slovakia

In 2022, imports of vegetable saps and extracts; of hopses into Slovakia surged to 34 tons, picking up by 32% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses expanded markedly to $1.1M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (32.8 tons)
2. Czech Republic (0.8 tons)

Source: IndexBox Market Intelligence Platform