Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR (FOB) - 2023
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $29,929 per ton in 2022, shrinking by -13.4% against the previous year. In general, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 139% against the previous year. As a result, import price attained the peak level of $34,544 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($41,877 per ton), while the price for South Korea ($18,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.0%), 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 Hong Kong SAR (FOB) - 2023
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $31,945 per ton in October 2023, with an increase of 37% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 46% m-o-m. Over the period under review, the average export prices attained the maximum in October 2023.
Average prices varied somewhat for the major overseas markets. In October 2023, the highest price was recorded for prices to Singapore ($34,711 per ton) and Thailand ($33,116 per ton), while the average price for exports to the Philippines ($27,643 per ton) and Indonesia ($32,812 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.8%), 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 Hong Kong SAR
In 2022, the amount of hop cones; ground, powdered or in the form of pellets; lupulin imported into Hong Kong SAR skyrocketed to 31 tons, jumping by 29,783% against 2021. Over the period under review, imports showed a significant expansion. 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 soared to $921K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | N/A | 746 | 0% | |
| China | N/A | N/A | 92.1 | 0% | |
| New Zealand | N/A | 3.6 | 55.0 | 1427.8% | |
| South Korea | N/A | N/A | 21.8 | 0% | |
| Germany | 28.3 | N/A | N/A | 0% | |
| Others | N/A | N/A | 6.3 | 0% | |
| Total | 28.3 | 3.6 | 921 | 470.5% | |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Hong Kong SAR in 2022:
- United States (25.1 tons)
- China (2.2 tons)
- New Zealand (2.1 tons)
- South Korea (1.2 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR
In 2022, exports of hop cones; ground, powdered or in the form of pellets; lupulin from Hong Kong SAR surged to 33 tons, rising by 1,468% against the year before. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $799K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | N/A | 271 | 0% | |
| Vietnam | 6.8 | 13.6 | 159 | 383.6% | |
| Japan | N/A | N/A | 150 | 0% | |
| Thailand | N/A | N/A | 93.1 | 0% | |
| Singapore | N/A | N/A | 49.4 | 0% | |
| Indonesia | N/A | N/A | 27.6 | 0% | |
| Taiwan (Chinese) | N/A | 8.5 | 15.1 | 77.6% | |
| Philippines | 37.7 | 3.0 | 9.8 | -49.0% | |
| Others | N/A | 22.5 | 23.8 | 5.8% | |
| Total | 44.5 | 47.7 | 799 | 323.7% | |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Hong Kong SAR in 2022:
- China (12.9 tons)
- Vietnam (6.5 tons)
- Japan (5.1 tons)
- Thailand (3.4 tons)
- Singapore (2.0 tons)
- Indonesia (1.0 tons)
- Taiwan (Chinese) (0.7 tons)
- Philippines (0.6 tons)
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