Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $21,161 per ton in September 2023, dropping by -6.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in October 2022 an increase of 27% against the previous month. The import price peaked at $22,949 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Poland ($23,031 per ton) and Belgium ($22,195 per ton), while the price for the Czech Republic ($17,063 per ton) and Sweden ($17,359 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (FOB) - 2022
In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $124,009 per ton, growing by 862% against the previous year. Overall, the export price recorded a significant increase. 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 Belarus ($1,606,150 per ton), while the average price for exports to Estonia ($13,662 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 Belarus (+104.3%), 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 Finland
After three years of growth, purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -12.6% to 159 tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 61%.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin shrank to $3.7M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 70%.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,399 | 1,688 | 1,826 | 1,325 | -1.8% |
| Belgium | 81.3 | 821 | 924 | 1,189 | 144.5% |
| Czech Republic | 20.5 | 151 | 364 | 361 | 160.2% |
| United States | 245 | 272 | 469 | 347 | 12.3% |
| New Zealand | 31.7 | 44.4 | 202 | 316 | 115.2% |
| United Kingdom | 27.7 | 65.3 | 32.3 | 31.8 | 4.7% |
| Others | 67.7 | 147 | 171 | 134 | 25.6% |
| Total | 1,873 | 3,188 | 3,988 | 3,704 | 25.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Finland in 2022:
- Germany (61.5 tons)
- Belgium (45.3 tons)
- Czech Republic (24.7 tons)
- United States (12.0 tons)
- New Zealand (10.6 tons)
- United Kingdom (2.0 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland
In 2022, overseas shipments of hop cones; ground, powdered or in the form of pellets; lupulin decreased by -83.4% to 459 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, enjoyed a significant expansion.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $57K in 2022. Over the period under review, exports, however, saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | N/A | N/A | N/A | 32.1 | 0% |
| Latvia | 0.5 | N/A | N/A | 12.4 | 191.6% |
| Sweden | N/A | N/A | N/A | 9.3 | 0% |
| Estonia | N/A | N/A | 35.7 | 3.1 | -91.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | N/A | 35.7 | 56.9 | 384.6% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Finland in 2022:
- Estonia (225.0 kg)
- Latvia (154.0 kg)
- Sweden (60.0 kg)
- Belarus (20.0 kg)
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