Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam - 2022

Contents:

  1. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (CIF) - 2022
  2. Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (FOB) - 2022
  3. Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam
  4. Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam

Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (CIF) - 2022

In 2022, the average import price for hop cones; neither ground nor powdered nor in the form of pelletses amounted to $12,110 per ton, with an increase of 11% against the previous year. Over the period under review, the import price posted a strong expansion. The growth pace was the most rapid in 2015 when the average import price increased by 67%. Over the period under review, average import prices reached the maximum at $19,026 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to +17.5% per year.

Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (FOB) - 2022

The average export price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $16,330 per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed a significant increase. The growth pace was the most rapid in 2018 an increase of 1,311%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2017 to 2021, the rate of growth in terms of prices for Myanmar amounted to 0.0% per year.

Imports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam

In 2022, supplies from abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -11.7% to 3.7 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 23%. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses shrank modestly to $44K in 2022. In general, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of $214K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany16716941.544.5-35.7%
Hong Kong SAR19.8N/AN/AN/A0%
SloveniaN/A37.9N/AN/A0%
Czech Republic5.27.94.1N/A-11.2%
OthersN/AN/AN/AN/A0%
Total19221445.544.5-38.6%

Top Suppliers of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets to Vietnam in 2022:

  1. Germany (3.7 tons)

Exports of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam

Exports of hop cones; neither ground nor powdered nor in the form of pelletses from Vietnam was estimated at 29 tons in 2021, approximately equating 2020 figures. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses amounted to $466K in 2021. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hop cones; neither ground nor powdered nor in form of pelletses reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Vietnam (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
SpainN/AN/A4660%
Lao People's Democratic Republic324N/AN/A0%
OthersN/AN/AN/A0%
Total324N/A46619.9%

Top Export Markets for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets from Vietnam in 2022:

  1. Spain (28.6 tons)

Source: IndexBox Market Intelligence Platform

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