United Kingdom - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in the UK - 2023
Contents:
- Hop Price in the UK (CIF) - 2022
- Hop Price in the UK (FOB) - 2023
- Hop Imports in the UK
- Hop Exports in the UK
Hop Price in the UK (CIF) - 2022
In 2022, the average hop import price amounted to $17,174 per ton, standing approx. at the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +105.5% against 2013 indices. The pace of growth was the most pronounced in 2014 an increase of 21%. The import price peaked at $17,419 per ton in 2021, and then shrank slightly in the following year.
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 ($27,519 per ton), while the price for Slovenia ($7,712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Price in the UK (FOB) - 2023
The average hop export price stood at $8,416 per ton in August 2023, dropping by -71.2% against the previous month. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in July 2023 an increase of 195% month-to-month. As a result, the export price reached the peak level of $29,260 per ton, and then reduced sharply in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($15,931 per ton), while the average price for exports to Kyrgyzstan ($6,070 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Imports in the UK
In 2022, after two years of decline, there was significant growth in supplies from abroad of hops, when their volume increased by 98% to 5.3K tons. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hop imports surged to $92M in 2022. In general, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.3 | 28.3 | 27.6 | 66.9 | 27.5% |
| Germany | 11.2 | 10.3 | 11.7 | 9.4 | -5.7% |
| Canada | N/A | N/A | N/A | 3.8 | 0% |
| Australia | 2.5 | 2.2 | 0.4 | 3.0 | 6.3% |
| Czech Republic | 0.8 | 0.8 | 1.2 | 2.6 | 48.1% |
| New Zealand | 3.1 | 5.0 | 4.8 | 2.3 | -9.5% |
| Slovenia | 2.1 | 2.0 | 0.7 | 1.2 | -17.0% |
| Belgium | 1.7 | 1.1 | 0.5 | 0.8 | -22.2% |
| Poland | 0.7 | 0.5 | 0.2 | 0.7 | 0.0% |
| France | 0.6 | 0.7 | N/A | 0.7 | 5.3% |
| Others | 0.5 | 0.4 | N/A | 0.4 | -7.2% |
| Total | 55.5 | 51.3 | 47.0 | 91.7 | 18.2% |
Top Suppliers of Hop to the UK in 2022:
- United States (3166.7 tons)
- Germany (1124.5 tons)
- Canada (247.4 tons)
- Czech Republic (171.9 tons)
- Slovenia (154.9 tons)
- Australia (107.2 tons)
- New Zealand (105.6 tons)
- Poland (102.6 tons)
- France (87.6 tons)
- Belgium (51.1 tons)
Hop Exports in the UK
In 2022, after two years of decline, there was significant growth in shipments abroad of hops, when their volume increased by 24% to 843 tons. Over the period under review, exports, however, recorded a abrupt contraction.
In value terms, hop exports dropped to $10M in 2022. In general, exports, however, recorded a sharp curtailment. The smallest decline of -2.3% was in 2020.
| Export of Hop in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 2.6 | 0.4 | 1.1 | -27.6% |
| Germany | 2.5 | 3.6 | 1.8 | 1.1 | -23.9% |
| Canada | 0.5 | 0.3 | 1.0 | 1.0 | 26.0% |
| Russia | 3.3 | 3.1 | 1.4 | 1.0 | -32.8% |
| Sweden | 1.5 | 2.2 | 1.5 | 0.9 | -15.7% |
| Kyrgyzstan | N/A | N/A | N/A | 0.8 | 0% |
| Australia | 0.4 | 0.7 | 0.5 | 0.7 | 20.5% |
| Poland | 0.4 | 0.4 | 0.1 | 0.6 | 14.5% |
| Belarus | N/A | N/A | N/A | 0.4 | 0% |
| France | 2.0 | 1.6 | 0.5 | 0.3 | -46.9% |
| Netherlands | 0.9 | 1.0 | 0.2 | 0.3 | -30.7% |
| Belgium | 1.7 | 1.2 | 0.5 | 0.3 | -43.9% |
| Serbia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 10.1 | 9.0 | 2.8 | 1.5 | -47.0% |
| Total | 26.2 | 25.6 | 10.7 | 10.2 | -27.0% |
Top Export Markets for Hop from the UK in 2022:
- Russia (157.5 tons)
- Kyrgyzstan (116.0 tons)
- United States (78.1 tons)
- Germany (76.5 tons)
- Belarus (74.8 tons)
- Canada (69.9 tons)
- Australia (50.3 tons)
- Sweden (43.3 tons)
- Poland (25.9 tons)
- Serbia (19.8 tons)
- Netherlands (17.8 tons)
- France (16.8 tons)
- Belgium (15.7 tons)
This report provides an in-depth analysis of the hop market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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
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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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