Bulgaria - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Bulgaria - 2023
Contents:
- Hop Price in Bulgaria (FOB) - 2023
- Hop Price in Bulgaria (CIF) - 2022
- Hop Exports in Bulgaria
- Hop Imports in Bulgaria
Hop Price in Bulgaria (FOB) - 2023
The average hop export price stood at $4,098 per ton in July 2023, reducing by -3.4% against the previous month. Over the period under review, the export price, however, posted moderate growth. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 109% against the previous month. Over the period under review, the average export prices hit record highs at $5,846 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Spain.
From August 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +79.7% per month.
Hop Price in Bulgaria (CIF) - 2022
In 2022, the average hop import price amounted to $5,996 per ton, picking up by 3.3% against the previous year. Overall, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of 106%. Over the period under review, average import prices attained the maximum at $16,748 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($17,535 per ton), while the price for Germany totaled $4,929 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.9%).
Hop Exports in Bulgaria
In 2022, shipments abroad of hops decreased by -27.4% to 983 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hop exports contracted rapidly to $3.1M in 2022. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, the exports attained the peak of $4.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Hop in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,353 | 1,481 | 2,112 | 1,424 | 1.7% |
| Italy | 609 | 958 | 771 | 698 | 4.7% |
| Germany | 852 | 1,079 | 660 | 417 | -21.2% |
| France | 238 | 290 | 161 | 208 | -4.4% |
| Hungary | 90.2 | 79.5 | 207 | 48.2 | -18.9% |
| Poland | 129 | 136 | 151 | 42.5 | -30.9% |
| Netherlands | 24.3 | 60.1 | 26.9 | 41.4 | 19.4% |
| Czech Republic | 18.6 | 41.1 | 23.2 | 23.1 | 7.5% |
| Others | 108 | 195 | 159 | 164 | 14.9% |
| Total | 3,422 | 4,322 | 4,272 | 3,066 | -3.6% |
Top Export Markets for Hop from Bulgaria in 2022:
- Spain (433.4 tons)
- Italy (231.7 tons)
- Germany (143.7 tons)
- Poland (60.1 tons)
- Netherlands (33.1 tons)
- France (26.0 tons)
- Czech Republic (24.8 tons)
- Hungary (14.0 tons)
Hop Imports in Bulgaria
In 2022, overseas purchases of hops decreased by -33.1% to 112 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. As a result, imports attained the peak of 167 tons, and then dropped markedly in the following year.
In value terms, hop imports reduced rapidly to $670K in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of $970K, and then dropped remarkably in the following year.
| Import of Hop in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 565 | 574 | 831 | 504 | -3.7% |
| Czech Republic | 62.4 | 103 | 135 | 141 | 31.2% |
| Others | 20.3 | 0.8 | 4.6 | 24.8 | 6.9% |
| Total | 647 | 678 | 970 | 670 | 1.2% |
Top Suppliers of Hop to Bulgaria in 2022:
- Germany (102.3 tons)
- Czech Republic (8.0 tons)
This report provides an in-depth analysis of the hop market in Bulgaria. 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:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- 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.
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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