Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan (CIF) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $10,458 per ton in 2022, shrinking by -10.4% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 30%. As a result, import price attained the peak level of $15,083 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($12,984 per ton), while the price for Germany totaled $10,348 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan
Imports of hop cones; ground, powdered or in the form of pellets; lupulin into Azerbaijan reduced notably to 35 tons in 2022, with a decrease of -41% compared with the year before. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 235% against the previous year. As a result, imports reached the peak of 59 tons, and then declined rapidly in the following year.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin declined notably to $362K in 2022. Overall, imports faced a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 177%.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 570 | 189 | 498 | 345 | -15.4% |
| Czech Republic | 65.7 | 16.6 | 28.9 | 15.6 | -38.1% |
| Russia | 82.6 | N/A | 76.4 | N/A | -3.8% |
| Others | 42.9 | 41.9 | 81.2 | 0.8 | -73.5% |
| Total | 761 | 247 | 684 | 362 | -21.9% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Azerbaijan in 2022:
- Germany (33.4 tons)
- Czech Republic (1.2 tons)
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