Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia - 2022
Contents:
- Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia (FOB) - 2022
- Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia
Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia (FOB) - 2022
In 2022, the average export price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $1,744 per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,821 per ton), while the average price for exports to Sweden ($504 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia
After three years of growth, overseas shipments of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -95.1% to 39 tons in 2022. Over the period under review, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 0.7% against the previous year.
In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses contracted sharply to $69K in 2022. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 1.2%.
| Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.4 | 11.6 | 40.3 | 30.6 | 16.4% |
| Israel | 6.3 | 5.4 | 13.3 | 19.9 | 46.7% |
| Canada | 0.9 | 0.9 | 2.5 | 9.3 | 117.8% |
| United Kingdom | 0.9 | 1.3 | 1.6 | 4.7 | 73.5% |
| Sweden | 0.8 | 1.4 | 1.9 | 2.5 | 46.2% |
| Germany | 4.3 | 3.6 | 1.3 | 1.7 | -26.6% |
| Sudan | 1,161 | 1,181 | 1,160 | N/A | -0.0% |
| Others | 0.2 | 3.2 | 1.1 | N/A | 134.5% |
| Total | 1,194 | 1,208 | 1,222 | 68.8 | -61.4% |
Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from Ethiopia in 2022:
- Israel (16.0 tons)
- United States (10.9 tons)
- Sweden (5.0 tons)
- Canada (3.3 tons)
- United Kingdom (2.2 tons)
- Germany (1.9 tons)
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