Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand (CIF) - 2023
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand (CIF) - 2023
In November 2023, the average import price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $21,347 per ton, increasing by 35% against the previous month. Overall, import price indicated strong growth from November 2022 to November 2023: its price increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin increased by +35.3% against October 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 71% month-to-month. As a result, import price attained the peak level of $22,643 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($42,420 per ton), while the price for the United States ($19,333 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand (FOB) - 2022
The average export price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $19,079 per ton in 2022, which is down by -6% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 24%. As a result, the export price reached the peak level of $20,301 per ton, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($30,580 per ton), while the average price for exports to Myanmar totaled $18,981 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.7%).
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into Thailand surged to 721 tons in 2022, picking up by 31% on 2021. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin surged to $10M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.1 | 8.6 | 8.0 | 9.5 | 10.2% |
| United States | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 7.2 | 8.8 | 8.1 | 10.2 | 12.3% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Thailand in 2022:
- Germany (676.5 tons)
- United States (41.9 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Thailand
In 2022, approx. 5.9 tons of hop cones; ground, powdered or in the form of pellets; lupulin were exported from Thailand; growing by 293% compared with 2021 figures. Overall, exports posted a significant expansion. 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 $112K in 2022. In general, exports showed 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 8.8 | 20.0 | 111 | 255.2% |
| Cambodia | N/A | N/A | 10.4 | N/A | 0% |
| Lao People's Democratic Republic | 5.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.5 | 0% |
| Total | 5.5 | 8.8 | 30.5 | 112 | 173.1% |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Thailand in 2022:
- Myanmar (5.8 tons)
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