Price for Vegetable Saps and Extracts; of Hops in Sri Lanka - 2022

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Sri Lanka (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Hops in Sri Lanka

Price for Vegetable Saps and Extracts; of Hops in Sri Lanka (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $59,667 per ton in 2022, increasing by 77% against the previous year. Overall, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($88,898 per ton), while the price for Germany ($51,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in Sri Lanka

In 2022, imports of vegetable saps and extracts; of hopses into Sri Lanka skyrocketed to 11 tons, increasing by 21% compared with 2021 figures. In general, imports, however, showed a abrupt setback.

In value terms, imports of vegetable saps and extracts; of hopses soared to $681K in 2022. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Germany (6.7 tons)
2. United States (2.5 tons)
3. India (2.2 tons)

Source: IndexBox Market Intelligence Platform