Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore - 2022
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore (CIF) - 2022
In 2022, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $1,800 per ton, with an increase of 6.5% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 83%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,100 per ton), while the price for Germany ($1,443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+19.8%), 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 Singapore (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $3,530 per ton in 2022, increasing by 6% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 180%. Over the period under review, the average export prices hit record highs at $12,011 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,530 per ton), while the average price for exports to Malaysia stood at $1,596 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.4%).
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore
In 2022, after two years of decline, there was growth in purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin, when their volume increased by 0.6% to 157 tons. Overall, imports, however, continue to indicate a deep contraction.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin expanded remarkably to $282K in 2022. Over the period under review, imports, however, continue to indicate a deep contraction.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.9 | 46.4 | 107 | 111 | 141.3% |
| United States | 12.0 | 45.9 | 67.1 | 84.9 | 92.0% |
| Hong Kong SAR | 8.6 | 3.4 | 27.7 | 33.1 | 56.7% |
| Egypt | 25.9 | 24.6 | 15.8 | 22.8 | -4.2% |
| Australia | 3.9 | 20.1 | 11.9 | 16.2 | 60.7% |
| New Zealand | 62.1 | 8.4 | 8.4 | 8.7 | -48.1% |
| Slovenia | 125 | 93.1 | 20.1 | 2.5 | -72.9% |
| Czech Republic | 122 | 8.7 | 2.9 | 1.4 | -77.4% |
| Others | 7.0 | 4.9 | 2.7 | 2.3 | -31.0% |
| Total | 374 | 256 | 263 | 282 | -9.0% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Singapore in 2022:
- Germany (76.7 tons)
- United States (36.9 tons)
- Hong Kong SAR (18.3 tons)
- Egypt (13.3 tons)
- Australia (5.2 tons)
- New Zealand (2.1 tons)
- Slovenia (1.6 tons)
- Czech Republic (0.9 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore
In 2022, the amount of hop cones; ground, powdered or in the form of pellets; lupulin exported from Singapore declined slightly to 17 tons, remaining stable against 2021. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 540%. As a result, the exports attained the peak of 17 tons, and then declined slightly in the following year.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin amounted to $59K in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 487% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 25.3 | 6.9 | 22.0 | 39.2 | 15.7% |
| Malaysia | 0.3 | 2.6 | 12.8 | 18.9 | 297.9% |
| Brunei Darussalam | N/A | N/A | 7.1 | N/A | 0% |
| Australia | N/A | N/A | 14.2 | N/A | 0% |
| Others | 11.0 | N/A | N/A | 0.6 | -62.1% |
| Total | 36.6 | 9.5 | 56.0 | 58.6 | 17.0% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Singapore in 2022:
- Malaysia (11.9 tons)
- Indonesia (4.6 tons)
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