Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (FOB) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (CIF) - 2022
In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $20,489 per ton, remaining stable against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 hop cones; ground, powdered or in the form of pellets; lupulin decreased by -3.3% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 49%. As a result, import price reached the peak level of $21,196 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($24,478 per ton), while the price for Slovenia ($11,697 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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (FOB) - 2023
In October 2023, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $26,962 per ton, which is down by -11.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 47% month-to-month. Over the period under review, the average export prices reached the peak figure at $33,707 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Iceland ($32,018 per ton), while the average price for exports to Armenia ($18,879 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium
In 2022, supplies from abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -1% to 2.6K tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 127% against the previous year. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin reduced slightly to $53M in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 238% against the previous year. As a result, imports reached the peak of $65M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 14.3 | 38.7 | 39.7 | 105.1% |
| Germany | 10.6 | 35.7 | 11.3 | 10.4 | -0.6% |
| Czech Republic | 1.4 | 5.6 | 1.9 | 1.1 | -7.7% |
| France | 0.4 | 1.3 | 0.3 | 0.4 | 0.0% |
| Slovenia | 1.4 | 2.8 | 1.1 | 0.3 | -40.2% |
| Others | 0.8 | 5.1 | 1.4 | 1.3 | 17.6% |
| Total | 19.2 | 64.7 | 54.6 | 53.3 | 40.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Belgium in 2022:
- United States (1623.8 tons)
- Germany (789.5 tons)
- Czech Republic (61.7 tons)
- France (32.4 tons)
- Slovenia (28.5 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium
Exports of hop cones; ground, powdered or in the form of pellets; lupulin from Belgium expanded slightly to 1.7K tons in 2022, increasing by 3.8% against 2021 figures. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 614% against the previous year. As a result, the exports attained the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin declined to $48M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 701%. As a result, the exports attained the peak of $57M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.8 | 15.7 | 13.4 | 14.9 | 102.3% |
| Sweden | 0.6 | 4.6 | 6.8 | 4.8 | 100.0% |
| Italy | 0.5 | 2.8 | 3.7 | 4.3 | 104.9% |
| Spain | 0.4 | 2.9 | 3.6 | 3.8 | 111.8% |
| Poland | 0.3 | 2.1 | 2.9 | 3.3 | 122.4% |
| Netherlands | 0.4 | 2.5 | 2.4 | 3.0 | 95.7% |
| Denmark | 0.3 | 1.6 | 2.7 | 2.8 | 110.5% |
| Ireland | 0.1 | 1.2 | 3.0 | 2.8 | 203.7% |
| United Kingdom | 1.2 | 16.2 | 5.5 | 0.2 | -45.0% |
| Others | 1.6 | 7.1 | 7.6 | 8.3 | 73.1% |
| Total | 7.1 | 56.8 | 51.6 | 48.3 | 89.5% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Belgium in 2022:
- France (459.1 tons)
- Sweden (234.5 tons)
- Italy (166.8 tons)
- Spain (141.4 tons)
- Poland (123.0 tons)
- Netherlands (120.6 tons)
- Ireland (94.6 tons)
- Denmark (91.0 tons)
- United Kingdom (9.5 tons)
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