Saudi Arabia: Hop Market 2022

Hop Market Size in Saudi Arabia

The Saudi hop market stood at $less than X in 2020, therefore, remained relatively stable against the previous year. Overall, consumption recorded a relatively flat trend pattern.

Hop Production in Saudi Arabia

In value terms, hop production dropped to $X in 2021 estimated in export prices. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

In 2021, the average hop yield in Saudi Arabia totaled less than X kg per ha, standing approx. at the previous year. In general, the yield continues to indicate 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.

The hop harvested area in Saudi Arabia was estimated at less than X ha in 2021, remaining relatively unchanged against 2020. Overall, the harvested area recorded a relatively flat trend pattern.

Hop Exports

Exports from Saudi Arabia

In 2021, shipments abroad of hops increased by X% to X tonnes, rising for the seventh year in a row after two years of decline. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, hop exports fell to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average hop export price stood at $X per tonne in 2021, falling by -X% against the previous year. Overall, the export price continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2014 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, 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 2021, imports of hops into Saudi Arabia shrank markedly to less than X kg, waning by -X% on the year before. Overall, imports faced a precipitous shrinkage. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, hop imports reduced dramatically to $less than X in 2021. Over the period under review, imports faced a precipitous contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, Austria (X kg) was the main hop supplier to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Austria was relatively modest.

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

From 2012 to 2020, the average annual rate of growth in terms of value from Austria was relatively modest.

Import Prices by Country

The average hop import price stood at $X per tonne in 2020, stabilizing at the previous year. Overall, the import price recorded significant growth. Over the period under review, average import prices reached the peak figure in 2020 and is expected to retain growth in years to come.

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

From 2012 to 2020, the rate of growth in terms of prices for Austria amounted to X% per year.

Source: IndexBox Platform