What is the price of hops extracts per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong hops extracts is between US$ 4.90 and US$ 9.79 per kilogram or between US$ 2.22 and US$ 4.44 per pound(lb). Click here to see today's exact prices of hops extracts in Hong Kong
The retail price range in Hong Kong Dollar for hops extracts is between HKD 38.28 and HKD 76.49 per kilogram or between HKD 17.36 and HKD 34.69 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong hops extracts is between US$ 3.43 and US$ 6.85 per kilogram or between US$ 1.55 and US$ 3.11 per pound(lb).
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Hong Kong Hops Extracts Export Prices - Historical, Trends and Prediction
The export prices of Hops Extracts from Hong Kong have been steadily increasing over the past five years. In 2019, the price per kilogram was $2.45, which was a slight increase from the previous year. In 2020, the price per kilogram rose to $2.60, representing a 6.1% increase from the previous year. 2021 saw a further increase to $2.75, a 6.5% increase from the previous year. 2022 saw a slight decrease to $2.70, a 2.2% decrease from the previous year. Finally, in 2023, the price per kilogram rose to $2.80, a 3.7% increase from the previous year. Based on this trend, it is likely that the export price per kilogram of Hops Extracts from Hong Kong will continue to increase in 2024, likely reaching around $2.90.The exports of hops extracts from Hong Kong are classified as:
- Extracts of hops (HS code 130213)
Hong Kong Hops Extracts Import Prices - Historical, Trends and Prediction
The import price of Hops Extracts into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021, it further increased to $2.90. The most recent data shows that the import price per kilogram of Hops Extracts into Hong Kong was $3.05 in 2022. This represents an overall increase of 24.5% in the import price over the past five years. Looking ahead, it is likely that the import price of Hops Extracts into Hong Kong will continue to increase in the coming years. Based on the current trend, it is estimated that the import price per kilogram of Hops Extracts into Hong Kong will be $3.20 in 2023 and $3.35 in 2024.Export values for Hong Kong hops extracts
The total values in export for hops extracts in Hong Kong were US$ 4,733, US$ 4,908, US$ 2,702 and US$ 3,572 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of hops extracts in other countries across Asia: Kazakhstan hops extracts, Kyrgyzstan hops extracts, Tajikistan hops extracts, Turkmenistan hops extracts, Uzbekistan hops extracts, China hops extracts, Hong Kong hops extracts, Macao hops extracts, North Korea hops extracts & Mongolia hops extracts.
Hong Kong hops extracts - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 115 tonnes of hops extracts. Across 2019 alone, the market for Hong Kong hops extracts (processed category) has reduced, recording a change of -4.167 percent compared to the year 2018. Between 2017 and 2019, hops extracts' exports went down by -57.25 pc earning the country US$3.57m for the year 2019. Hong Kong's hops extracts exports are classified as:
- Extracts of hops (HS code 130213)
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Hong Kong hops extracts export values
In 2019, Hong Kong sold hops extracts worth 3.57m USD, an increment of 32.12% from 2018's total hops extracts export of 2.702m USD. The yearly increase in value of Hong Kong hops extracts between 2017 to 2018 was -44.947 per cent.
The annual/yearly variation in the quantity of Hong Kong's hops extracts exports between 2017 and 2019 was -57.25 percent in comparison to a variation of -4.167% in the period between 2018 and 2019.
Hong Kong's portion of the world's total hops extracts' exports in 2019 was less than 1%. Hong Kong is ranked number 27 in world exports of hops extracts.
Export markets for Hong Kong hops extracts ( in '000$ )
Hong Kong's leading destinations for hops extracts are Vietnam, Sri Lanka, Thailand, Indonesia and South Korea.
Import/Export Trends
Hong Kong is a net importer of hops extracts. The annual growth of Hong Kong hops extracts in value between 2015 to 2019 was 92%, per annum, while annual growth in quantity during the same period was 70%, per annum.
Hong Kong bought 127 tonnes of hops extracts in 2019.