Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey - 2023
Contents:
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey (CIF) - 2022
- Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey (FOB) - 2022
- Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey
- Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey (CIF) - 2022
The average import price for hop cones; ground, powdered or in the form of pellets; lupulin stood at $20,019 per ton in 2022, jumping by 30% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hop cones; ground, powdered or in the form of pellets; lupulin increased by +83.8% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($31,650 per ton), while the price for Germany totaled $12,931 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).
Price for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey (FOB) - 2022
In 2022, the average export price for hop cones; ground, powdered or in the form of pellets; lupulin amounted to $7,049 per ton, waning by -29.2% against the previous year. Over the period under review, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 3,973% against the previous year. As a result, the export price attained the peak level of $16,684 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($11,945 per ton), while the average price for exports to Russia ($6,366 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.9%), while the prices for the other major destinations experienced a decline.
Imports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey
In 2022, purchases abroad of hop cones; ground, powdered or in the form of pellets; lupulin was finally on the rise to reach 112 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn.
In value terms, imports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $2.2M in 2022. In general, imports, however, saw a slight descent.
| Import of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 218 | 258 | 266 | 1,338 | 83.1% |
| Germany | 1,038 | 729 | 611 | 898 | -4.7% |
| Others | 1,097 | 677 | 614 | 11.4 | -78.2% |
| Total | 2,353 | 1,664 | 1,491 | 2,247 | -1.5% |
Top Suppliers of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin to Turkey in 2022:
- Germany (69.4 tons)
- United States (42.3 tons)
Exports of Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin in Turkey
For the third consecutive year, Turkey recorded growth in shipments abroad of hop cones; ground, powdered or in the form of pellets; lupulin, which increased by 389% to 147 tons 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.
In value terms, exports of hop cones; ground, powdered or in the form of pellets; lupulin soared to $1M in 2022. Overall, exports recorded a significant increase. As a result, the exports reached 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Russia | N/A | 233 | 814 | 249.4% | |
| Kazakhstan | 2.4 | N/A | 189 | 787.4% | |
| Georgia | N/A | 28.0 | 14.0 | -50.0% | |
| Germany | 19.3 | 17.1 | 1.0 | -77.2% | |
| Iran | 126 | N/A | 0.1 | -97.2% | |
| Others | 96.1 | 21.2 | 16.3 | -58.8% | |
| Total | 244 | 299 | 1,035 | 106.0% | |
Top Export Markets for Hop Cones; Ground, Powdered or in the Form of Pellets; Lupulin from Turkey in 2022:
- Russia (127.9 tons)
- Kazakhstan (15.8 tons)
- Georgia (1.9 tons)
- Germany (0.2 tons)
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