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

Contents:

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

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

The average import price for vegetable saps and extracts; of hopses stood at $29,601 per ton in 2022, shrinking by -5.8% against the previous year. In general, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. The import price peaked at $48,456 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($44,328 per ton), while the price for the United States ($27,781 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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for vegetable saps and extracts; of hopses stood at $20,358 per ton in 2022, with an increase of 33% against the previous year. In general, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average export price increased by 44% against the previous year. The export price peaked at $118,304 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +4.7% per year.

Imports of Vegetable Saps and Extracts; of Hops in Serbia

In 2022, purchases abroad of vegetable saps and extracts; of hopses decreased by -5.2% to 16 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 2.1%. As a result, imports reached the peak of 23 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 fell to $467K in 2022. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports attained the peak of $804K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. United States (14.1 tons)
2. United Kingdom (0.7 tons)
3. Germany (0.7 tons)

Exports of Vegetable Saps and Extracts; of Hops in Serbia

After two years of decline, overseas shipments of vegetable saps and extracts; of hopses decreased by 0% to 120 kg in 2022. Overall, exports continue to indicate a sharp contraction. The smallest decline of -62.5% was in 2020.

In value terms, exports of vegetable saps and extracts; of hopses skyrocketed to $2.4K in 2022. In general, exports continue to indicate a sharp setback.

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

1. Montenegro (120.0 kg)

Source: IndexBox Market Intelligence Platform