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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $36,916 per ton, shrinking by -1.8% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +109.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, average import prices hit record highs at $37,611 per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($51,120 per ton), while the price for Kenya ($2,795 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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vegetable saps and extracts; of hopses stood at $20,846 per ton in 2022, reducing by -18.6% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 68%. The export price peaked at $44,062 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to -7.2% per year.

Imports of Vegetable Saps and Extracts; of Hops in Uganda

In 2022, the amount of vegetable saps and extracts; of hopses imported into Uganda shrank significantly to 4.5 tons, which is down by -28.4% against the previous year's figure. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 132% against the previous year.

In value terms, imports of vegetable saps and extracts; of hopses fell dramatically to $166K in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 146% against the previous year.

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

1. United Kingdom (3.2 tons)
2. Germany (0.7 tons)
3. United States (0.5 tons)
4. Kenya (0.1 tons)

Exports of Vegetable Saps and Extracts; of Hops in Uganda

After three years of growth, overseas shipments of vegetable saps and extracts; of hopses decreased by -7.5% to 4.2 tons in 2022. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports attained the peak of 4.5 tons, and then declined in the following year.

In value terms, exports of vegetable saps and extracts; of hopses shrank remarkably to $87K in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 97%. As a result, the exports attained the peak of $115K, and then fell rapidly in the following year.

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

1. Kenya (4.2 tons)

Source: IndexBox Market Intelligence Platform