Singapore - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Singapore - 2022
Contents:
- Hop Price in Singapore (CIF) - 2022
- Hop Price in Singapore (FOB) - 2022
- Hop Imports in Singapore
- Hop Exports in Singapore
Hop Price in Singapore (CIF) - 2022
In 2022, the average hop import price amounted to $1,823 per ton, growing by 6.8% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 75%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Australia ($3,100 per ton), while the price for Germany ($1,443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+56.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Price in Singapore (FOB) - 2022
The average hop export price stood at $3,691 per ton in 2022, growing by 3.2% against the previous year. In general, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices hit record highs at $11,962 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($8,714 per ton), while the average price for exports to Malaysia ($1,596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.4%), while the prices for the other major destinations experienced a decline.
Hop Imports in Singapore
In 2022, after two years of decline, there was growth in supplies from abroad of hops, when their volume increased by 0.6% to 157 tons. Over the period under review, imports, however, recorded a abrupt slump.
In value terms, hop imports rose markedly to $286K in 2022. Overall, imports, however, showed a abrupt curtailment.
| Import of Hop in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.9 | 46.4 | 107 | 111 | 141.3% |
| United States | 12.0 | 45.9 | 67.1 | 84.9 | 92.0% |
| Hong Kong SAR | 15.2 | 5.4 | 29.1 | 36.8 | 34.3% |
| Egypt | 25.9 | 24.6 | 15.8 | 22.8 | -4.2% |
| Australia | 4.5 | 20.7 | 12.9 | 16.2 | 53.3% |
| New Zealand | 62.1 | 8.4 | 8.5 | 8.7 | -48.1% |
| Slovenia | 125 | 93.1 | 20.3 | 2.5 | -72.9% |
| Czech Republic | 122 | 8.7 | 3.0 | 1.4 | -77.4% |
| Others | 8.3 | 5.2 | 2.8 | 2.3 | -34.8% |
| Total | 382 | 259 | 266 | 286 | -9.2% |
Top Suppliers of Hop to Singapore in 2022:
- Germany (76.7 tons)
- United States (36.9 tons)
- Hong Kong SAR (18.4 tons)
- Egypt (13.3 tons)
- Australia (5.2 tons)
- New Zealand (2.1 tons)
- Slovenia (1.6 tons)
- Czech Republic (0.9 tons)
Hop Exports in Singapore
In 2022, the amount of hops exported from Singapore contracted modestly to 17 tons, reducing by -2.9% compared with 2021 figures. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 447% against the previous year. As a result, the exports attained the peak of 17 tons, and then reduced modestly in the following year.
In value terms, hop exports reached $63K in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 262%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Hop in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 25.9 | 8.8 | 27.2 | 43.1 | 18.5% |
| Malaysia | 0.7 | 2.9 | 13.5 | 18.9 | 200.0% |
| Brunei Darussalam | N/A | N/A | 7.1 | N/A | 0% |
| Australia | N/A | N/A | 14.2 | N/A | 0% |
| Others | 11.0 | 5.6 | 0.6 | 0.6 | -62.1% |
| Total | 37.6 | 17.3 | 62.5 | 62.6 | 18.5% |
Top Export Markets for Hop from Singapore in 2022:
- Malaysia (11.9 tons)
- Indonesia (5.0 tons)
This report provides an in-depth analysis of the hop market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
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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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