Price for Vegetable Saps and Extracts; of Hops in Colombia - 2022

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $45,375 per ton in February 2022, picking up by 1.9% against the previous month. In general, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in September 2021 an increase of 53% m-o-m. The import price peaked at $56,324 per ton in February 2021; however, from March 2021 to February 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($49,026 per ton), while the price for France ($14,049 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for vegetable saps and extracts; of hopses stood at $15,383 per ton in 2022, shrinking by -49.8% against the previous year. Overall, the export price showed a pronounced decrease. The pace of growth appeared the most rapid in 2015 an increase of 54%. As a result, the export price attained the peak level of $49,439 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +4.6% per year.

Imports of Vegetable Saps and Extracts; of Hops in Colombia

Imports of vegetable saps and extracts; of hopses into Colombia reduced rapidly to 152 tons in 2022, with a decrease of -19.5% on the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +51.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, imports reached the peak of 189 tons, and then declined remarkably in the following year.

In value terms, imports of vegetable saps and extracts; of hopses contracted to $6.6M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports reached the peak of $7.3M, and then fell in the following year.

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

1. United States (120.2 tons)
2. Germany (27.7 tons)
3. Brazil (3.0 tons)

Exports of Vegetable Saps and Extracts; of Hops in Colombia

In 2022, shipments abroad of vegetable saps and extracts; of hopses was finally on the rise to reach 480 kg after two years of decline. Over the period under review, exports, however, continue to indicate a dramatic curtailment.

In value terms, exports of vegetable saps and extracts; of hopses soared to $7.4K in 2022. In general, exports, however, saw a sharp shrinkage.

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

1. Ecuador (480.0 kg)

Source: IndexBox Market Intelligence Platform