Saudi Arabia: Hop Market Overview 2021

Hop Market Size in Saudi Arabia

In 2019, after three years of growth, there was decline in the Saudi hop market, when its value decreased by -X% to $X. In general, consumption enjoyed a resilient increase. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market failed to regain the momentum.

Hop Exports

Exports from Saudi Arabia

In 2019, approx. X kg of hops were exported from Saudi Arabia; with a decrease of -X% on the previous year's figure. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, hop exports fell sharply to $X in 2019. Overall, exports recorded a sharp contraction. The smallest decline of -X% was in 2010. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for hop exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, hop exports to the United Arab Emirates exceeded the volume sent to the second major destination, Belgium (X kg), twofold.

From 2007 to 2019, the average annual growth rate of volume to the United Arab Emirates totaled +X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for hop exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the United Arab Emirates stood at +X%.

Export Prices by Country

In 2019, the average hop export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Belgium stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates.

Hop Imports

Imports into Saudi Arabia

In 2019, overseas purchases of hops increased by X% to X tonnes, rising for the fourth year in a row after three years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2013 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, hop imports dropped to $X in 2019. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Egypt (X tonnes) was the main hop supplier to Saudi Arabia, with a X% share of total imports. It was followed by the United Arab Emirates (X kg), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Egypt was relatively modest.

In value terms, Egypt ($X) constituted the largest supplier of hop to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Egypt amounted to -X%.

Import Prices by Country

The average hop import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Egypt totaled $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?

+

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?

+

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

What are the leading suppliers of hops to Saudi Arabia?

+

In value terms, Egypt ($38K) constituted the largest supplier of hop to Saudi Arabia, comprising 96% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($1.6K), with a 4% share of total imports.

What are the leading importers of hops from Saudi Arabia?

+

In value terms, the United Arab Emirates ($755) remains the key foreign market for hop exports from Saudi Arabia, comprising 97% of total exports. The second position in the ranking was occupied by Belgium ($20), with a 2.6% share of total exports.

What is the average export price for hops in Saudi Arabia?

+

In 2019, the average hop export price amounted to $3,837 per tonne, falling by -19.4% against the previous year.

What is the average import price for hops in Saudi Arabia?

+

The average hop import price stood at $3,224 per tonne in 2019, shrinking by -7.6% against the previous year.