Europe: Hop Market 2024

Hop Market Size in Europe

In 2022, the Europe hop market decreased by X% to $X, falling for the second consecutive year after five years of growth. The total consumption indicated a notable increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hop Production in Europe

In value terms, hop production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of production peaked 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 growth rate of volume in Germany was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the Czech Republic (X% per year) and Poland (X% per year).

In 2022, the average yield of hops in Europe declined sharply to X tons per ha, with a decrease of X% against the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded 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 Europe declined slightly to X ha, waning by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to hop production reached the maximum at X ha in 2021, and then reduced in the following year.

Hop Exports

Exports in Europe

In 2022, shipments abroad 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% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, hop exports fell to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value 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 pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, Germany (X tons) represented the largest exporter of hops, constituting X% of total exports. It was distantly followed by the Czech Republic (X tons), Poland (X tons) and Belgium (X tons), together comprising a X% share of total exports. Slovenia (X tons), Bulgaria (X tons) and the UK (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hop exports from Germany stood at X%. 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 Europe, with a CAGR of X% from 2012-2022. The UK experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest hop supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($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

The export price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Europe

In 2022, hop imports in Europe expanded significantly to X tons, increasing by X% against 2021 figures. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, hop imports expanded notably to $X in 2022. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of hop imports in 2022 were Germany (X tons), the UK (X tons), Russia (X tons), Italy (X tons) and Belgium (X tons), together finishing at X% of total import. Poland (X tons), the Czech Republic (X tons), France (X tons), Spain (X tons) and Sweden (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of 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 Europe amounted to $X per ton, falling by X% against the previous year. Import price indicated a strong expansion 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 pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs 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 Sweden ($X per ton), while Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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