Price for Vegetable Saps and Extracts; of Hops in the United Arab Emirates - 2022

Contents:

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

Price for Vegetable Saps and Extracts; of Hops in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $76,250 per ton, surging by 9.6% against the previous year. Over the period under review, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 167%. The export price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to +160.0% per year.

Price for Vegetable Saps and Extracts; of Hops in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $643,500 per ton, surging by 2,445% against the previous year. In general, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($1,274,000 per ton), while the price for the UK stood at $13,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Vegetable Saps and Extracts; of Hops in the United Arab Emirates

In 2022, approx. 20 kg of vegetable saps and extracts; of hopses were exported from the United Arab Emirates; with a decrease of -99.4% on the previous year. In general, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 495% against the previous year. As a result, the exports reached the peak of 3.5 tons, and then reduced dramatically in the following year.

In value terms, exports of vegetable saps and extracts; of hopses reduced markedly to $1.5K in 2022. Overall, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 1,193% against the previous year. As a result, the exports attained the peak of $243K, and then declined sharply in the following year.

Top Export Markets for Vegetable Saps and Extracts; of Hops from the United Arab Emirates in 2022:

1. Iraq (20.0 kg)

Imports of Vegetable Saps and Extracts; of Hops in the United Arab Emirates

After three years of growth, overseas purchases of vegetable saps and extracts; of hopses decreased by -99.9% to 2 kg in 2022. In general, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports reached the peak of 2.7 tons, and then contracted markedly in the following year.

In value terms, imports of vegetable saps and extracts; of hopses dropped remarkably to $1.3K in 2022. Overall, imports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 28%.

Top Suppliers of Vegetable Saps and Extracts; of Hops to the United Arab Emirates in 2022:

1. Switzerland (1.0 kg)
2. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform