Saudi Arabia: Hop Market Overview 2021

Hop Market Size in Saudi Arabia

The Saudi hop market surged to $X in 2020, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market failed to regain the momentum.

Hop Production in Saudi Arabia

In value terms, hop production expanded modestly to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Hop production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

The average yield of hops in Saudi Arabia was estimated at X kg per ha in 2020, standing approx. at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of hops in Saudi Arabia stood at X ha, approximately mirroring the year before. In general, the harvested area showed a relatively flat trend pattern.

Hop Exports

Exports from Saudi Arabia

In 2020, after four years of growth, there was decline in overseas shipments of hops, when their volume decreased by -X% to X tonnes. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, hop exports shrank slightly to $X in 2020. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for hop exports from Saudi Arabia, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for hop exports from Saudi Arabia.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates amounted to +X%.

Export Prices by Country

The average hop export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Hop Imports

Imports into Saudi Arabia

In 2020, the amount of hops imported into Saudi Arabia totaled X kg, flattening at 2019. In general, imports saw a sharp decline. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, hop imports totaled $X in 2020. Over the period under review, imports continue to indicate a dramatic setback. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2012, Yemen (X tonnes) was the main supplier of hop to Saudi Arabia, with a approx. X% share of total imports.

From 2007 to 2012, the average annual rate of growth in terms of volume from Yemen was relatively modest.

In value terms, Yemen ($X) constituted the largest supplier of hop to Saudi Arabia.

From 2007 to 2012, the average annual rate of growth in terms of value from Yemen was relatively modest.

Import Prices by Country

The average hop import price stood at $X per tonne in 2012, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2009; however, from 2010 to 2012, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Yemen.

From 2007 to 2012, the rate of growth in terms of prices for Yemen amounted to X% per year.

Source: IndexBox Platform