Price for Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Australia - 2024

Contents:

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

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

The average import price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $19,184 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 64%. The import price peaked at $21,423 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +8.9% per year.

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

The average export price for hop cones; neither ground nor powdered nor in the form of pelletses stood at $19,470 per ton in 2022, which is down by -15.6% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 280%. As a result, the export price attained the peak level of $25,283 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($32,806 per ton), while the average price for exports to Hong Kong SAR ($6,120 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 16 tons of hop cones; neither ground nor powdered nor in the form of pelletses were imported into Australia; surging by 72% on the previous year's figure. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 190%. As a result, imports attained the peak of 18 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of hop cones; neither ground nor powdered nor in the form of pelletses surged to $304K in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 147%. As a result, imports reached the peak of $323K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States26.5141153299124.3%
New Zealand99.6169N/AN/A69.7%
Others4.412.922.54.50.8%
Total13132317630432.4%

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

  1. United States (15.5 tons)

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

In 2022, shipments abroad of hop cones; neither ground nor powdered nor in the form of pelletses decreased by -77.2% to 1.3 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 351% against the previous year. As a result, the exports attained the peak of 53 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of hop cones; neither ground nor powdered nor in the form of pelletses dropped significantly to $25K in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 197%. As a result, the exports attained the peak of $606K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Hop Cones; Neither Ground Nor Powdered Nor in the Form of Pellets in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Fiji7.6N/AN/A10.09.6%
New Zealand68.16.238.29.2-48.7%
Singapore3.22.03.95.620.5%
Hong Kong SARN/AN/AN/A0.20%
United Kingdom98.0N/AN/AN/A0%
India12.5N/AN/AN/A0%
NetherlandsN/A3.9N/AN/A0%
United States1.8589N/AN/A32622.2%
Others12.54.487.5N/A164.6%
Total20460613025.0-50.3%

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

  1. Fiji (670.0 kg)
  2. New Zealand (417.0 kg)
  3. Singapore (170.0 kg)
  4. Hong Kong SAR (25.0 kg)

Source: IndexBox Market Intelligence Platform

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