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

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Argentina (CIF) - 2022
2. Imports of Vegetable Saps and Extracts; of Hops in Argentina

Price for Vegetable Saps and Extracts; of Hops in Argentina (CIF) - 2022

The average import price for vegetable saps and extracts; of hopses stood at $33,228 per ton in 2022, falling by -21.9% against the previous year. Over the period under review, the import price saw a noticeable downturn. The growth pace was the most rapid in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum at $42,535 per ton in 2021, and then declined notably in the following year.

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 UK ($61,243 per ton), while the price for the United States ($31,037 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced a decline.

Imports of Vegetable Saps and Extracts; of Hops in Argentina

In 2022, imports of vegetable saps and extracts; of hopses into Argentina skyrocketed to 138 tons, jumping by 31% against the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses expanded slightly to $4.6M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. United States (105.1 tons)
2. Germany (28.5 tons)
3. United Kingdom (3.8 tons)

Source: IndexBox Market Intelligence Platform