Czech Republic - Hops - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Czech Republic - Hops - Market Analysis, Forecast, Size, Trends and Insights

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Hop Price in the Czech Republic - 2023

Contents:

  1. Hop Price in the Czech Republic (FOB) - 2022
  2. Hop Price in the Czech Republic (CIF) - 2023
  3. Hop Exports in the Czech Republic
  4. Hop Imports in the Czech Republic

Hop Price in the Czech Republic (FOB) - 2022

In 2022, the average hop export price amounted to $12,047 per ton, reducing by -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $12,629 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($16,014 per ton), while the average price for exports to Germany ($9,858 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 Russia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Price in the Czech Republic (CIF) - 2023

The average hop import price stood at $28,119 per ton in August 2023, with an increase of 12% against the previous month. Overall, the import price saw slight growth. The pace of growth appeared the most rapid in July 2023 an increase of 123% m-o-m. The import price peaked in August 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($61,536 per ton), while the price for Germany ($10,938 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Hop Exports in the Czech Republic

For the fourth year in a row, the Czech Republic recorded growth in shipments abroad of hops, which increased by 4.7% to 5.2K tons in 2022. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.3%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hop exports fell to $63M in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 19%.

Export of Hop in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12.914.216.516.07.4%
Japan7.111.410.813.423.6%
Germany13.413.715.99.6-10.5%
Russia3.14.33.15.521.1%
Poland0.71.92.93.164.2%
United Kingdom1.31.01.22.015.4%
Belgium2.22.22.71.8-6.5%
United States1.21.40.91.57.7%
Vietnam1.31.80.81.54.9%
Brazil0.20.70.61.281.7%
Austria1.30.90.90.6-22.7%
Others4.85.46.86.711.8%
Total49.459.062.962.88.3%

Top Export Markets for Hop from the Czech Republic in 2022:

  1. China (1388.1 tons)
  2. Japan (1026.2 tons)
  3. Germany (973.0 tons)
  4. Russia (466.7 tons)
  5. Poland (246.4 tons)
  6. Belgium (138.9 tons)
  7. United Kingdom (127.1 tons)
  8. Vietnam (121.9 tons)
  9. United States (96.8 tons)
  10. Brazil (92.5 tons)
  11. Austria (74.9 tons)

Hop Imports in the Czech Republic

In 2022, supplies from abroad of hops decreased by -28.2% to 890 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, hop imports contracted remarkably to $12M 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 +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year.

Import of Hop in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7.510.411.34.5-15.7%
United States0.80.91.44.476.5%
Slovenia0.11.11.01.1122.4%
Poland0.32.31.90.944.2%
Belgium0.80.61.40.2-37.0%
Slovakia0.7N/AN/AN/A0%
Others0.90.70.60.5-17.8%
Total11.016.017.611.61.8%

Top Suppliers of Hop to the Czech Republic in 2022:

  1. Germany (377.1 tons)
  2. Poland (167.7 tons)
  3. United States (166.7 tons)
  4. Slovenia (156.8 tons)
  5. Belgium (6.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hop market in the Czech Republic. 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:

  • Czech Republic

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Czech Republic
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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