Price for Vegetable Saps and Extracts; of Hops in the Dominican Republic - 2023
Contents:
- Price for Vegetable Saps and Extracts; of Hops in the Dominican Republic (CIF) - 2022
- Imports of Vegetable Saps and Extracts; of Hops in the Dominican Republic
Price for Vegetable Saps and Extracts; of Hops in the Dominican Republic (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $27,144 per ton, picking up by 20% against the previous year. Overall, the import price, however, saw a pronounced descent. The import price peaked at $36,969 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($33,719 per ton), while the price for the United States amounted to $26,873 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.5%), while the prices for the other major suppliers experienced a decline.
Imports of Vegetable Saps and Extracts; of Hops in the Dominican Republic
In 2022, supplies from abroad of vegetable saps and extracts; of hopses decreased by -39.8% to 74 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of 123 tons, and then declined dramatically in the following year.
In value terms, imports of vegetable saps and extracts; of hopses reduced sharply to $2M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports reached the peak of $2.8M, and then contracted significantly in the following year.
| Import of Vegetable Saps and Extracts; of Hops in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,943 | 1,997 | 2,504 | 1,908 | -0.6% |
| Germany | 20.6 | 72.8 | 90.4 | 98.7 | 68.6% |
| United Kingdom | 27.2 | 14.8 | 27.9 | N/A | 1.3% |
| Others | 21.0 | 66.0 | 154 | N/A | 170.8% |
| Total | 2,011 | 2,150 | 2,777 | 2,007 | -0.1% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to the Dominican Republic in 2022:
- United States (71.0 tons)
- Germany (2.9 tons)
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