Price for Vegetable Saps and Extracts; of Hops in Brazil - 2024

Contents:

1. Price for Vegetable Saps and Extracts; of Hops in Brazil (CIF) - 2024
2. Price for Vegetable Saps and Extracts; of Hops in Brazil (FOB) - 2022
3. Imports of Vegetable Saps and Extracts; of Hops in Brazil
4. Exports of Vegetable Saps and Extracts; of Hops in Brazil

Price for Vegetable Saps and Extracts; of Hops in Brazil (CIF) - 2024

In February 2024, the average import price for vegetable saps and extracts; of hopses amounted to $24,642 per ton, with a decrease of -21.3% against the previous month. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in April 2023 when the average import price increased by 111% m-o-m. As a result, import price attained the peak level of $57,695 per ton. From May 2023 to February 2024, the average import prices failed to regain momentum.

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

From February 2023 to February 2024, the rate of growth in terms of prices for Germany amounted to -0.0% per month.

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

In 2022, the average export price for vegetable saps and extracts; of hopses amounted to $33,395 per ton, falling by -30.5% against the previous year. Overall, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $144,524 per ton in 2012; however, from 2013 to 2022, the 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 Ecuador ($66,349 per ton), while the average price for exports to Colombia ($22,700 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 Ecuador (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Saps and Extracts; of Hops in Brazil

For the fourth year in a row, Brazil recorded growth in supplies from abroad of vegetable saps and extracts; of hopses, which increased by 16% to 1.5K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vegetable saps and extracts; of hopses rose significantly to $37M in 2022. The total import value increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. United States (990.6 tons)
2. United Kingdom (193.2 tons)
3. Germany (167.0 tons)
4. China (151.5 tons)

Exports of Vegetable Saps and Extracts; of Hops in Brazil

In 2022, after two years of decline, there was significant growth in shipments abroad of vegetable saps and extracts; of hopses, when their volume increased by 55% to 7 tons. Overall, exports, however, faced a dramatic slump.

In value terms, exports of vegetable saps and extracts; of hopses rose markedly to $235K in 2022. Over the period under review, exports, however, faced a significant decrease.

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

1. Colombia (4.0 tons)
2. Ecuador (1.0 tons)
3. Paraguay (0.9 tons)
4. Peru (0.4 tons)
5. Argentina (0.4 tons)
6. United States (0.3 tons)

Source: IndexBox Market Intelligence Platform