Price for Vegetable Saps and Extracts; of Hops in Morocco - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Morocco (CIF) - 2023
2. Imports of Vegetable Saps and Extracts; of Hops in Morocco

Price for Vegetable Saps and Extracts; of Hops in Morocco (CIF) - 2023

The average import price for vegetable saps and extracts; of hopses stood at $35,824 per ton in April 2023, reducing by -3.2% against the previous month. Over the period under review, the import price continues to indicate a noticeable decrease. As a result, import price reached the peak level of $37,011 per ton, and then contracted modestly in the following month.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From March 2023 to April 2023, the rate of growth in terms of prices for Germany amounted to -3.2% per month.

Imports of Vegetable Saps and Extracts; of Hops in Morocco

In 2022, purchases abroad of vegetable saps and extracts; of hopses decreased by -3.1% to 7.5 tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 114%. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of vegetable saps and extracts; of hopses dropped remarkably to $275K in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year. As a result, imports attained the peak of $464K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Vegetable Saps and Extracts; of Hops to Morocco in 2022:

1. Germany (7.5 tons)

Source: IndexBox Market Intelligence Platform