EU: Hop Market 2024

Hop Market Size in the EU

In 2022, the EU hop market decreased by X% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, posted a moderate increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hop Production in the EU

In value terms, hop production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Germany (X tons) constituted the country with the largest volume of hop production, accounting for X% of total volume. Moreover, hop production in Germany exceeded the figures recorded by the second-largest producer, the Czech Republic (X tons), eightfold. Poland (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Poland (X% per year).

In 2022, the average hop yield in the European Union reduced sharply to X tons per ha, waning by X% compared with the previous year. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of hops production in the European Union dropped slightly to X ha, with a decrease of X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to hop production attained the peak figure at X ha in 2021, and then contracted in the following year.

Hop Exports

Exports in the EU

In 2022, overseas shipments of hops decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, hop exports reduced to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany represented the key exporting country with an export of about X tons, which recorded X% of total exports. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Poland (X tons) and Belgium (X tons). All these countries together held approx. X% share of total exports. Slovenia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%), Poland (X%), Slovenia (X%), the Czech Republic (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest hop supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

In Germany, hop exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the other leaders experienced more modest paces of growth.

Hop Imports

Imports in the EU

In 2022, the amount of hops imported in the European Union amounted to X tons, with an increase of X% on 2021 figures. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, hop imports fell to $X in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany was the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Italy (X tons), Belgium (X tons), Poland (X tons) and the Czech Republic (X tons), together mixing up a X% share of total imports. France (X tons), Spain (X tons), Sweden (X tons), the Netherlands (X tons), Slovenia (X tons) and Ireland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hop imports into Germany stood at X%. At the same time, Slovenia (X%), Ireland (X%), Poland (X%), the Czech Republic (X%), Belgium (X%), France (X%) and Spain (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Italy and Sweden experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Poland (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Belgium ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Italy, France, the Czech Republic, Sweden, Spain, Slovenia and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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