MERCOSUR: Hop Market 2024

Hop Market Size in MERCOSUR

The MERCOSUR hop market shrank to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Hop Production in MERCOSUR

In value terms, hop production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The country with the largest volume of hop production was Argentina (X tons), comprising approx. X% of total volume.

In Argentina, hop production remained relatively stable over the period from 2012-2022.

In 2022, the average yield of hops in MERCOSUR reached X tons per ha, approximately mirroring the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the hop yield attained the peak level in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hops were harvested in MERCOSUR; remaining constant against the year before. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Hop Exports

Exports in MERCOSUR

For the third year in a row, MERCOSUR recorded decline in shipments abroad of hops, which decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hop exports declined significantly to $X in 2022. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons) and Uruguay (X tons) were the key exporters of hops in MERCOSUR, together comprising X% of total exports. Ecuador (X tons) took the next position in the ranking, followed by Colombia (X tons) and Peru (X tons). All these countries together held near X% share of total exports. The following exporters - Argentina (X kg) and Chile (X kg) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) emerged as the largest hop supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with a X% share of total exports. It was followed by Ecuador, with an X% share.

In Brazil, hop exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a slight decline. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

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

Hop Imports

Imports in MERCOSUR

In 2022, approx. X tons of hops were imported in MERCOSUR; waning by X% on the previous year. Total imports indicated a temperate 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, hop imports contracted significantly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Argentina (X tons), Colombia (X tons) and Peru (X tons), together mixing up a X% share of total imports. The following importers - Ecuador (X tons) and Chile (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hop imports into Brazil stood at X%. At the same time, Chile (X%), Argentina (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Ecuador and Colombia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Argentina and Chile increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hops in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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