Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain - 2023

Contents:

  1. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (FOB) - 2022
  2. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (CIF) - 2022
  3. Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain
  4. Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain

Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (FOB) - 2022

The average export price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $3,597 per ton in 2022, increasing by 4.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16%. The export price peaked at $28,300 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($4,026 per ton) and France ($3,958 per ton), while the average price for exports to Italy ($3,500 per ton) and Belgium ($3,852 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (CIF) - 2022

The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $10,088 per ton in 2022, declining by -85.6% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 240%. As a result, import price attained the peak level of $70,126 per ton, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($41,000 per ton), while the price for Germany ($8,230 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced a decline.

Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain

In 2022, exports of hop cones; neither ground nor powdered nor in the form of pelletses from Spain surged to 7.7 tons, rising by 715% against the year before. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 825% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses soared to $28K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom2534,4631795,543179.8%
ItalyN/A1,314918581-33.5%
BelgiumN/A853536574-18.0%
FranceN/A475292190-36.8%
Sweden81.086.016515323.6%
Chile615N/AN/AN/A0%
Others1,23866.01,17320,695155.7%
Total2,1877,2573,26327,736133.2%

Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from Spain in 2022:

  1. United Kingdom (1.4 tons)
  2. Italy (0.2 tons)
  3. Belgium (0.1 tons)

Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain

For the fourth consecutive year, Spain recorded growth in supplies from abroad of hop cones; neither ground nor powdered nor in the form of pelletses, which increased by 37% to 2.1 tons in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 514% against the previous year. Over the period under review, imports of hop cones; neither ground nor powdered nor in form of pelletses hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses shrank notably to $21K in 2022. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,989%. As a result, imports reached the peak of $108K, and then fell markedly in the following year.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Spain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2.4N/AN/A14.080.0%
United Kingdom0.2N/A10.65.5201.8%
United States0.70.25.21.631.7%
BelgiumN/A3.2N/AN/A0%
ItalyN/AN/A91.5N/A0%
NetherlandsN/A1.6N/AN/A0%
Others0.50.10.4N/A-10.6%
Total3.95.210821.275.8%

Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to Spain in 2022:

  1. Germany (1703.0 kg)
  2. United Kingdom (336.0 kg)
  3. United States (61.0 kg)
  4. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform

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