Price for Vegetable Saps and Extracts; of Hops in Japan - 2023

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Japan (CIF) - 2023
2. Price for Vegetable Saps and Extracts; of Hops in Japan (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Japan
4. Exports of Vegetable Saps and Extracts; of Hops in Japan

Price for Vegetable Saps and Extracts; of Hops in Japan (CIF) - 2023

The average import price for vegetable saps and extracts; of hopses stood at $45,526 per ton in November 2023, jumping by 33% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 316% month-to-month. As a result, import price reached the peak level of $141K per ton. From April 2023 to November 2023, the average import prices remained at a somewhat lower figure.

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

From November 2022 to November 2023, the rate of growth in terms of prices for Germany amounted to +2.2% per month.

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

The average export price for vegetable saps and extracts; of hopses stood at $477,452 per ton in 2022, surging by 57% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2021 an increase of 93%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($643,273 per ton), while the average price for exports to Italy stood at $295,050 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Japan

In 2022, purchases abroad of vegetable saps and extracts; of hopses was finally on the rise to reach 205 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a perceptible contraction.

In value terms, imports of vegetable saps and extracts; of hopses rose rapidly to $11M in 2022. Over the period under review, imports, however, recorded a perceptible reduction.

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

1. Germany (193.8 tons)
2. United Kingdom (4.4 tons)
3. Czech Republic (4.2 tons)
4. United States (1.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in Japan

In 2022, overseas shipments of vegetable saps and extracts; of hopses decreased by -68.9% to 42 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 297% against the previous year. As a result, the exports attained the peak of 242 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vegetable saps and extracts; of hopses dropped dramatically to $20K in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 160% against the previous year.

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

1. Indonesia (22.0 kg)
2. Italy (20.0 kg)

Source: IndexBox Market Intelligence Platform