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

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

The average import price for vegetable saps and extracts; of hopses stood at $38,533 per ton in 2022, dropping by -3% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27% against the previous year. The import price peaked at $40,459 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 ($177,478 per ton), while the price for the United States ($19,322 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 (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Vegetable Saps and Extracts; of Hops in Norway

In 2022, the amount of vegetable saps and extracts; of hopses imported into Norway soared to 15 tons, increasing by 28% on the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. As a result, imports reached the peak of 18 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of vegetable saps and extracts; of hopses soared to $571K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. As a result, imports reached the peak of $693K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Vegetable Saps and Extracts; of Hops in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	141	273	213	408	42.5%
United Kingdom	21.6	43.6	19.5	80.2	54.8%
United States	20.4	13.3	27.2	59.1	42.6%
Others	274	363	201	23.7	-55.8%
Total	458	693	461	571	7.6%