Northern America: Hop Market 2024

Hop Market Size in Northern America

The North American hop market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, enjoyed a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hop Production in Northern America

In value terms, hop production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The United States (X tons) constituted the country with the largest volume of hop production, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States stood at X%.

In 2022, the average hop yield in Northern America shrank to X tons per ha, waning by X% against the previous year. Overall, the yield recorded a slight setback. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. Over the period under review, the hop yield reached the maximum level 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 Northern America dropped to X ha, waning by X% compared with the previous year. The total harvested area indicated prominent growth from 2012 to 2022: its figure 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, hop harvested area increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then reduced slightly in the following year.

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Hop Exports

Exports in Northern America

In 2022, exports of hops in Northern America expanded markedly to X tons, with an increase of X% against the year before. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, hop exports reached $X in 2022. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the one major exporters of hops, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the hops exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest hop supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated strong growth 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. Based on 2022 figures, hop export price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Hop Imports

Imports in Northern America

In 2022, the amount of hops imported in Northern America fell to X tons, waning by X% against 2021. Total imports indicated buoyant growth 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, hop imports reduced to $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The United States represented the major importer of hops in Northern America, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X tons), creating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, approximately mirroring the previous year. Import price indicated a noticeable 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. Based on 2022 figures, hop import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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