Mexico: Hop Market Overview 2021

Hop Market Size in Mexico

In 2019, after three years of growth, there was significant decline in the Mexican hop market, when its value decreased by -X% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Hop consumption peaked at $X in 2018, and then dropped significantly in the following year.

Hop Exports

Exports from Mexico

In 2019, exports of hops from Mexico amounted to X kg, approximately reflecting 2018. Overall, exports faced a abrupt curtailment. Exports peaked at X kg in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, hop exports stood at $X in 2019. Over the period under review, exports saw a abrupt descent. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Guatemala (X kg) was the main destination for hop exports from Mexico, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Guatemala stood at -X%.

From 2007 to 2019, the average annual rate of growth in terms of value to Guatemala totaled +X%.

Export Prices by Country

In 2019, the average hop export price amounted to $X per tonne, standing approx. at the previous year. In general, the export price continues to indicate a measured expansion. The export price peaked in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Guatemala.

From 2007 to 2019, the rate of growth in terms of prices for Guatemala amounted to +X% per year.

Hop Imports

Imports into Mexico

In 2019, purchases abroad of hops decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018, and then fell rapidly in the following year.

In value terms, hop imports reduced notably to $X in 2019. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2018, and then reduced remarkably in the following year.

Imports by Country

In 2019, the U.S. (X tonnes) was the main hop supplier to Mexico, accounting for a X% share of total imports. Moreover, hop imports from the U.S. exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of hop to Mexico, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

In 2019, the average hop import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price, however, showed strong growth. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?

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The countries with the highest volumes of hop consumption in 2019 were Ethiopia (44K tonnes), the U.S. (43K tonnes) and Germany (30K tonnes), together accounting for 66% of global consumption. These countries were followed by China, Italy, Japan, the Czech Republic, Russia, Canada and Brazil, which together accounted for a further 18%.

What are the largest producers of hops in the world?

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The countries with the highest volumes of hop production in 2019 were the U.S. (51K tonnes), Germany (49K tonnes) and Ethiopia (44K tonnes), with a combined 81% share of global production.

What are the leading suppliers of hops to Mexico?

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In value terms, the U.S. ($3.6M) constituted the largest supplier of hop to Mexico, comprising 91% of total imports. The second position in the ranking was occupied by Germany ($243K), with a 6.1% share of total imports.

What is the average export price for hops in Mexico?

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In 2019, the average hop export price amounted to $17,120 per tonne, stabilizing at the previous year.

What is the average import price for hops in Mexico?

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In 2019, the average hop import price amounted to $12,611 per tonne, falling by -8.2% against the previous year.