Middle East: Hop Market 2024

Hop Market Size in the Middle East

In 2022, after three years of decline, there was significant growth in the Middle Eastern hop market, when its value increased by X% to $X. In general, consumption, however, showed a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hop Production in the Middle East

In value terms, hop production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Iran (X tons), the United Arab Emirates (X tons) and Turkey (X tons), with a combined X% share of total production. Yemen and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Yemen (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Hop Exports

Exports in the Middle East

For the ninth consecutive year, the Middle East recorded growth in shipments abroad of hops, which increased by X% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, hop exports soared to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Iran was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Turkey (X tons), constituting a X% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hop exports from Iran stood at X%. At the same time, Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Iran (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X), Iran ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Hop Imports

Imports in the Middle East

In 2022, supplies from abroad of hops was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hop imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) represented the main importer of hops, committing X% of total imports. Iran (X tons) held the second position in the ranking, followed by Israel (X tons). All these countries together held near X% share of total imports. Iraq (X tons), Kuwait (X tons) and Jordan (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Iran (X%), Jordan (X%), Israel (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Iran (X p.p.), Israel (X p.p.), Kuwait (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported hops in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, hop imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. Import price indicated a buoyant 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 growth pace was the most rapid in 2013 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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