Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (CIF) - 2023
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $20,274 per ton in December 2023, declining by -39.1% against the previous month. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in November 2023 an increase of 46% m-o-m. As a result, import price attained the peak level of $33,276 per ton, and then fell remarkably in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($23,042 per ton), while the price for New Zealand ($17,142 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the prices for the other major suppliers experienced a decline.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $16,852 per ton in 2022, falling by -22.5% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 27%. Over the period under review, the average export prices hit record highs at $21,735 per ton in 2021, and then declined significantly in the following year.
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 New Zealand ($26,575 per ton), while the average price for exports to the United States ($13,916 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 the UK (+4.0%), 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 Australia
In 2022, imports of hop cones; ground, powdered or in the form of pellets; lupulin into Australia surged to 1.4K tons, with an increase of 37% compared with the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $31M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports of hop cones; ground, powdered or in form of pellets; lupulin reached the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.7 | 15.2 | 18.4 | 25.6 | 17.7% |
New Zealand | 2.6 | 1.7 | 3.5 | 2.8 | 2.5% |
Germany | 1.4 | 1.1 | 2.0 | 1.7 | 6.7% |
United Kingdom | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
Czech Republic | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
Others | N/A | N/A | N/A | 0.2 | 0% |
Total | 20.3 | 18.6 | 24.7 | 31.1 | 15.3% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Australia in 2022:
- United States (1079.4 tons)
- New Zealand (125.5 tons)
- Germany (105.3 tons)
- United Kingdom (27.3 tons)
- Czech Republic (22.7 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia
In 2022, exports of hop cones; ground, powdered or in the form of pellets; lupulin from Australia rose remarkably to 1.2K tons, picking up by 6% against the previous year's figure. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin declined notably to $21M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26%.
Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.4 | 14.9 | 14.9 | 9.1 | -9.8% |
Germany | 1.7 | 3.9 | 5.7 | 6.5 | 56.4% |
Canada | 1.8 | 1.9 | 3.0 | 3.7 | 27.1% |
New Zealand | 0.9 | 0.8 | 1.1 | 0.5 | -17.8% |
United Kingdom | 1.3 | 1.4 | N/A | N/A | 7.7% |
Others | 0.6 | 0.6 | 0.4 | 0.8 | 10.1% |
Total | 18.7 | 23.6 | 25.1 | 20.6 | 3.3% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Australia in 2022:
- United States (650.4 tons)
- Germany (339.3 tons)
- Canada (182.1 tons)
- New Zealand (19.6 tons)
- United Kingdom (0.3 tons)
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