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

Contents:

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

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

In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $26,726 per ton, falling by -22.5% against the previous year. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. As a result, import price reached the peak level of $47,391 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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 ($29,000 per ton), while the price for Tanzania ($15,987 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+13.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vegetable saps and extracts; of hopses stood at $17,689 per ton in 2022, falling by -33.8% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices hit record highs at $50,640 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +10.3% per year.

Imports of Vegetable Saps and Extracts; of Hops in Kenya

In 2022, the amount of vegetable saps and extracts; of hopses imported into Kenya contracted remarkably to 30 tons, with a decrease of -15.2% against the year before. In general, imports recorded a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 197% against the previous year. As a result, imports reached the peak of 35 tons, and then contracted dramatically in the following year.

In value terms, imports of vegetable saps and extracts; of hopses declined notably to $794K in 2022. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 188%.

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

1. United Kingdom (26.7 tons)
2. Tanzania (3.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Kenya

For the fourth consecutive year, Kenya recorded growth in overseas shipments of vegetable saps and extracts; of hopses, which increased by 414% to 3.3 tons in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetable saps and extracts; of hopses surged to $58K in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Tanzania (3.3 tons)

Source: IndexBox Market Intelligence Platform