World - Hops - Market Analysis, Forecast, Size, Trends and Insights
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The global hop market is projected to experience an upward consumption trend over the next eight years, with an anticipated CAGR of +2.8% for consumption volume reaching 204K tons by 2030. Market value is forecasted to increase with a CAGR of +5.3%, reaching $2.4B by 2030. Despite a decline in consumption in 2022, the market has shown resilience and growth over the last decade. Key consuming countries include Ethiopia, the United States, and Germany, with notable growth rates in Ethiopia and the UK. The top exporting countries include Germany, the United States, and the Czech Republic. Hop cones in various forms dominate both imports and exports, with hop cones; ground, powdered, or in the form of pellets accounting for the majority of trade. Prices have shown growth over the years, with fluctuations in certain periods. Overall, the global hop market continues to show promise with steady growth expected in the years to come.
Market Forecast
Driven by increasing demand for hops worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 204K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $2.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Hops
In 2022, after six years of growth, there was significant decline in consumption of hops, when its volume decreased by -9.1% to 163K tons. The total consumption volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 180K tons in 2021, and then reduced in the following year.
The global hop market size contracted to $1.6B in 2022, shrinking by -8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.2% against 2019 indices. Over the period under review, the global market reached the peak level at $1.8B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Ethiopia (48K tons), the United States (35K tons) and Germany (17K tons), together accounting for 61% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Ethiopia (with a CAGR of +8.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($576M) led the market, alone. The second position in the ranking was held by Germany ($230M). It was followed by the UK.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +8.4%. The remaining consuming countries recorded the following average annual rates of market growth: Germany (+0.8% per year) and the UK (+13.0% per year).
The countries with the highest levels of hop per capita consumption in 2022 were Ethiopia (394 kg per 1000 persons), Germany (201 kg per 1000 persons) and the United States (104 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Poland (with a CAGR of +8.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Hops
In 2022, approx. 163K tons of hops were produced worldwide; falling by -12% compared with the previous year's figure. The total output volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. Global production peaked at 185K tons in 2021, and then fell in the following year. The general positive trend in terms output was largely conditioned by a tangible expansion of the harvested area and a relatively flat trend pattern in yield figures.
In value terms, hop production contracted slightly to $1.8B in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Over the period under review, global production hit record highs at $1.8B in 2019; afterwards, it flattened through to 2022.
Production By Country
The countries with the highest volumes of production in 2022 were Ethiopia (48K tons), the United States (46K tons) and Germany (34K tons), with a combined 79% share of global production.
From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +8.3%), while production for the other global leaders experienced more modest paces of growth.
Yield
The global average hop yield reduced to 1.6 tons per ha in 2022, with a decrease of -11.8% compared with the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.1% against the previous year. The global yield peaked at 1.8 tons per ha in 2021, and then contracted in the following year.
Harvested Area
In 2022, the total area harvested in terms of hops production worldwide contracted modestly to 103K ha, remaining relatively unchanged against 2021 figures. The harvested area increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. As a result, the harvested area reached the peak level of 104K ha. From 2019 to 2022, the growth of the global hop harvested area remained at a somewhat lower figure.
Imports
World Imports of Hops
In 2022, global hop imports rose remarkably to 59K tons, picking up by 9.7% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 17%. Global imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, hop imports stood at $815M in 2022. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.
Imports By Country
Germany (7.2K tons), the UK (5.4K tons), the United States (4.5K tons), China (4.3K tons), Japan (4.2K tons), Russia (3.9K tons), Italy (2.8K tons), Brazil (2.8K tons), Belgium (2.7K tons) and Canada (2.4K tons) represented roughly 67% of total imports in 2022. The following importers - Australia (1.4K tons), Poland (1K tons) and Mexico (1K tons) - each finished at a 5.7% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +19.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest hop importing markets worldwide were the UK ($92M), the United States ($73M) and Germany ($69M), with a combined 29% share of global imports. Belgium, China, Canada, Japan, Russia, Brazil, Australia, Poland, Italy and Mexico lagged somewhat behind, together comprising a further 42%.
Australia, with a CAGR of +27.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
Hop cones; ground, powdered or in the form of pellets; lupulin represented the largest type of hops in the world, with the volume of imports accounting for 50K tons, which was approx. 85% of total imports in 2022. It was distantly followed by hop cones; neither ground nor powdered nor in the form of pellets (8.8K tons), committing a 15% share of total imports.
Hop cones; ground, powdered or in the form of pellets; lupulin was also the fastest-growing in terms of imports, with a CAGR of +5.4% from 2012 to 2022. At the same time, hop cones; neither ground nor powdered nor in the form of pellets (+2.8%) displayed positive paces of growth. Hop cones; ground, powdered or in the form of pellets; lupulin (+3.4 p.p.) significantly strengthened its position in terms of the global imports, while hop cones; neither ground nor powdered nor in the form of pellets saw its share reduced by -3.4% from 2012 to 2022, respectively.
In value terms, hop cones; ground, powdered or in the form of pellets; lupulin ($732M) constitutes the largest type of hops imported worldwide, comprising 90% of global imports. The second position in the ranking was held by hop cones; neither ground nor powdered nor in the form of pellets ($83M), with a 10% share of global imports.
For hop cones; ground, powdered or in the form of pellets; lupulin, imports increased at an average annual rate of +9.7% over the period from 2012-2022.
Import Prices By Type
The average hop import price stood at $13,710 per ton in 2022, which is down by -4.6% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop import price increased by +57.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. Global import price peaked at $14,376 per ton in 2021, and then fell slightly in the following year.
There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was hop cones; ground, powdered or in the form of pellets; lupulin ($14,546 per ton), while the price for hop cones; neither ground nor powdered nor in the form of pellets totaled $9,408 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by hop cones; neither ground nor powdered nor in the form of pellets (+4.7%).
Import Prices By Country
The average hop import price stood at $13,710 per ton in 2022, shrinking by -4.6% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop import price increased by +57.6% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $14,376 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($22,631 per ton), while Italy ($4,394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Hops
In 2022, after eight years of growth, there was decline in overseas shipments of hops, when their volume decreased by -1% to 59K tons. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Over the period under review, the global exports attained the maximum at 59K tons in 2021, and then reduced modestly in the following year.
In value terms, hop exports reduced to $809M in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 26% against the previous year. The global exports peaked at $818M in 2021, and then dropped modestly in the following year.
Exports By Country
In 2022, Germany (25K tons) was the largest exporter of hops, committing 42% of total exports. It was distantly followed by the United States (16K tons) and the Czech Republic (5.2K tons), together committing a 35% share of total exports. Poland (1.9K tons), Belgium (1.8K tons), Slovenia (1.6K tons), Australia (1.2K tons) and Bulgaria (0.9K tons) took a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +22.4%), while the other global leaders experienced more modest paces of growth.
In value terms, the United States ($312M), Germany ($268M) and the Czech Republic ($63M) were the countries with the highest levels of exports in 2022, together accounting for 79% of global exports. Belgium, Australia, Slovenia, Poland and Bulgaria lagged somewhat behind, together comprising a further 12%.
In terms of the main exporting countries, Belgium, with a CAGR of +27.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Exports By Type
Hop cones; ground, powdered or in the form of pellets; lupulin dominates exports structure, reaching 54K tons, which was near 91% of total exports in 2022. It was distantly followed by hop cones; neither ground nor powdered nor in the form of pellets (5.1K tons), generating an 8.6% share of total exports.
Hop cones; ground, powdered or in the form of pellets; lupulin was also the fastest-growing in terms of exports, with a CAGR of +5.6% from 2012 to 2022. hop cones; neither ground nor powdered nor in the form of pellets (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of hop cones; ground, powdered or in the form of pellets; lupulin increased by +9.6 percentage points.
In value terms, hop cones; ground, powdered or in the form of pellets; lupulin ($761M) remains the largest type of hops supplied worldwide, comprising 94% of global exports. The second position in the ranking was held by hop cones; neither ground nor powdered nor in the form of pellets ($47M), with a 5.8% share of global exports.
From 2012 to 2022, the average annual growth rate of the value of hop cones; ground, powdered or in the form of pellets; lupulin exports stood at +10.6%.
Export Prices By Type
The average hop export price stood at $13,759 per ton in 2022, approximately equating the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop export price increased by +71.9% against 2012 indices. The growth pace was the most rapid in 2016 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $13,769 per ton in 2021, and then fell in the following year.
Prices varied noticeably by the product type; the product with the highest price was hop cones; ground, powdered or in the form of pellets; lupulin ($14,159 per ton), while the average price for exports of hop cones; neither ground nor powdered nor in the form of pellets amounted to $9,203 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by hop cones; neither ground nor powdered nor in the form of pellets (+6.7%).
Export Prices By Country
In 2022, the average hop export price amounted to $13,759 per ton, approximately mirroring the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop export price increased by +71.9% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $13,769 per ton in 2021, and then contracted slightly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($27,626 per ton), while Bulgaria ($3,244 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.5%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global hop market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 677 - Hops
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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