Lithuania: Hop Market 2024

Hop Market Size in Lithuania

In 2022, the Lithuanian hop market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hop Production in Lithuania

In value terms, hop production totaled $X in 2022 estimated in export price. Over the period under review, production showed a sharp reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average hop yield in Lithuania stood at less than X kg per ha, approximately reflecting the previous year. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of hops were harvested in Lithuania; approximately reflecting the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Hop Exports

Exports from Lithuania

In 2022, the amount of hops exported from Lithuania skyrocketed to X tons, jumping by X% against the year before. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hop exports soared to $X in 2022. In general, exports, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for hop exports from Lithuania, with a X% share of total exports. Moreover, hop exports to Russia exceeded the volume sent to the second major destination, Estonia (X tons), sevenfold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) remains the key foreign market for hops exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average hop export price amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 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 Belarus ($X per ton), while the average price for exports to Latvia ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Lithuania

In 2022, the amount of hops imported into Lithuania rose slightly to X tons, picking up by X% on 2021. In general, imports posted a noticeable expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hop imports soared to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest hop supplier to Lithuania, with a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), ninefold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of hops to Lithuania, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the UK (X% per year).

Import Prices by Country

The average hop import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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