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

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Indonesia (CIF) - 2022
2. Price for Vegetable Saps and Extracts; of Hops in Indonesia (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Indonesia
4. Exports of Vegetable Saps and Extracts; of Hops in Indonesia

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $16,912 per ton, falling by -9.3% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 18%. The import price peaked at $43,276 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($52,180 per ton), while the price for Spain ($9,508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Saps and Extracts; of Hops in Indonesia (FOB) - 2022

The average export price for vegetable saps and extracts; of hopses stood at $17,000 per ton in 2022, remaining constant against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2020 to 2022, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Imports of Vegetable Saps and Extracts; of Hops in Indonesia

In 2022, the amount of vegetable saps and extracts; of hopses imported into Indonesia soared to 128 tons, jumping by 92% against 2021 figures. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses soared to $2.2M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Spain (96.0 tons)
2. United States (14.1 tons)
3. China (10.6 tons)
4. Germany (6.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in Indonesia

Exports of vegetable saps and extracts; of hopses from Indonesia stood at 2 kg in 2022, therefore, remained relatively stable against the previous year's figure. In general, exports saw a precipitous shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, exports of vegetable saps and extracts; of hopses amounted to $34 in 2022. Overall, exports saw a dramatic decline. The smallest decline of 99.9% was in 2021.

Top Export Markets for Vegetable Saps and Extracts; of Hops from Indonesia in 2022:

1. Malaysia (2.0 kg)

Source: IndexBox Market Intelligence Platform