Canada - Hops - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHop Price in Canada - 2023
Contents:
- Hop Price in Canada (CIF) - 2023
- Hop Price in Canada (FOB) - 2023
- Hop Imports in Canada
- Hop Exports in Canada
Hop Price in Canada (CIF) - 2023
The average hop import price stood at $24,982 per ton in September 2023, growing by 8.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in March 2023 an increase of 31% m-o-m. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($28,845 per ton), while the price for Germany ($12,747 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Price in Canada (FOB) - 2023
In September 2023, the average hop export price amounted to $16,286 per ton, remaining constant against the previous month. Overall, the export price recorded modest growth. The most prominent rate of growth was recorded in July 2023 an increase of 319% month-to-month. As a result, the export price attained the peak level of $28,256 per ton. From August 2023 to September 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +1.3% per month.
Hop Imports in Canada
In 2022, overseas purchases of hops decreased by -1.3% to 2.4K tons, falling for the second year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1% against the previous year. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hop imports dropped modestly to $50M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 5.6% against the previous year.
| Import of Hop in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.8 | 40.4 | 40.4 | 38.0 | 0.2% |
| Germany | 5.7 | 5.1 | 5.0 | 5.0 | -4.3% |
| Australia | 2.1 | 1.9 | 2.5 | 3.6 | 19.7% |
| New Zealand | 0.8 | 0.8 | 1.3 | 1.1 | 11.2% |
| Czech Republic | 0.3 | 0.6 | 0.6 | 0.7 | 32.6% |
| United Kingdom | 0.9 | 0.9 | 0.9 | 0.7 | -8.0% |
| Others | 0.3 | 0.7 | 0.7 | 0.6 | 26.0% |
| Total | 47.8 | 50.4 | 51.4 | 49.8 | 1.4% |
Top Suppliers of Hop to Canada in 2022:
- United States (1660.6 tons)
- Germany (416.6 tons)
- Australia (137.6 tons)
- Czech Republic (50.3 tons)
- United Kingdom (40.2 tons)
- New Zealand (39.5 tons)
Hop Exports in Canada
In 2022, exports of hops from Canada expanded to 121 tons, growing by 1.9% on 2021 figures. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 110%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hop exports reduced to $1.1M in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 81%. As a result, the exports attained the peak of $1.3M, and then contracted in the following year.
| Export of Hop in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 663 | 425 | 1,023 | 934 | 12.1% |
| Czech Republic | 32.6 | 83.2 | 150 | 147 | 65.2% |
| Poland | N/A | N/A | N/A | 11.7 | 0% |
| France | 0.2 | 6.1 | 0.2 | 9.7 | 264.7% |
| India | N/A | N/A | 49.7 | 8.2 | -83.5% |
| Latvia | N/A | 173 | N/A | N/A | 0% |
| Others | 13.4 | 20.1 | 55.9 | N/A | 104.2% |
| Total | 710 | 708 | 1,278 | 1,111 | 16.1% |
Top Export Markets for Hop from Canada in 2022:
- United States (73.6 tons)
- Czech Republic (40.4 tons)
- France (2.6 tons)
- Poland (2.4 tons)
- India (2.3 tons)
This report provides an in-depth analysis of the hop market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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
-
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
-
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
-
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
-
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
673
This report provides an in-depth analysis of the hop market in Canada.
463
This report provides an in-depth analysis of the prepared rubber accelerators market in Canada.
337
This report provides an in-depth analysis of the typewriter market in Canada.
429
This report provides an in-depth analysis of the stamping foil market in Canada.
350
This report provides an in-depth analysis of the razor market in Canada.
400
This report provides an in-depth analysis of the market for brassiere, girdle and corset in Canada.
407
This report provides an in-depth analysis of the microscope market in Canada.
451
This report provides an in-depth analysis of the market for chlorides and phosphorus oxychloride and halides in Canada.
275
This report provides an in-depth analysis of the motor vehicle alarms market in Canada.
303
This report provides an in-depth analysis of the civil reaction engine market in Canada.
502
In August 2022, the hop price stood at $21.5 per kg (CIF, Canada), declining by -3.9% against the previous month.
1296
Global hop consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
7296
In 2015, the countries with the highest levels of hop production were Ethiopia (X thousand tons), Germany (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
2635
Germany seized control of the hop market. In 2014, Germany exported X thousand tons of hop totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total hop exports in value terms,
1029
In value terms, prepared rubber accelerators imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern...
1274
In value terms, prepared rubber accelerators exports stood at $X in 2016. In general, prepared rubber accelerators exports continue to indicate a relatively flat trend pattern. Over the period unde...
852
In value terms, unused postage, revenue and similar stamps imports amounted to $X in 2016. Overall, unused postage, revenue and similar stamps imports continue to indicate a drastic shrinkage. Over t...
1192
In value terms, unused postage, revenue and similar stamps exports totaled $X in 2016. Overall, unused postage, revenue and similar stamps exports continue to indicate a significant contraction. Ov...
1059
In value terms, razors and razor blades imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeab...
611
In value terms, razors and razor blades exports amounted to $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
