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

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

The average import price for vegetable saps and extracts; of hopses stood at $37,661 per ton in 2022, remaining constant against the previous year. In general, the import price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. The import price peaked at $53,154 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($77,333 per ton), while the price for the United States ($33,698 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in Venezuela

In 2022, after two years of decline, there was growth in supplies from abroad of vegetable saps and extracts; of hopses, when their volume increased by 0.1% to 2.5 tons. Over the period under review, imports, however, faced a dramatic descent.

In value terms, imports of vegetable saps and extracts; of hopses contracted to $93K in 2022. Overall, imports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 0.8% against the previous year.

Import of Vegetable Saps and Extracts; of Hops in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	58.3	79.6	53.0	65.8	4.1%
Germany	432	N/A	19.8	13.2	-68.7%
Others	434	13.1	20.7	14.1	-68.1%
Total	924	92.7	93.5	93.1	-53.5%