Serbia: Hop Market 2024

Hop Market Size in Serbia

The Serbian hop market shrank modestly to $X in 2022, approximately mirroring the previous year. In general, consumption, however, showed a perceptible shrinkage. Hop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hop Production in Serbia

In value terms, hop production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The average yield of hops in Serbia dropped to X tons per ha in 2022, reducing by X% on the previous year's figure. Over the period under review, the yield indicated resilient 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. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The hop yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield remained at a lower figure. 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 Serbia was estimated at X ha, standing approx. at the previous year. Over the period under review, the harvested area saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to hop production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Hop Exports

Exports from Serbia

In 2022, the amount of hops exported from Serbia skyrocketed to X tons, rising by X% on 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hop exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons) was the main destination for hop exports from Serbia, accounting for a X% share of total exports. Moreover, hop exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for hops exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average hop export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Hop Imports

Imports into Serbia

In 2022, approx. X tons of hops were imported into Serbia; picking up by X% on the year before. Over the period under review, imports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hop imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest hop supplier to Serbia, accounting for a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and the United States (X% per year).

In value terms, Germany ($X) constituted the largest supplier of hops to Serbia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Slovenia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, import price indicated a pronounced expansion 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 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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