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Singapore - Hops - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Hop Market Overview 2021

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Hop Market Size in Singapore

The Singaporean hop market surged to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Hop consumption peaked in 2019 and is expected to retain growth in years to come.

Hop Exports

Exports from Singapore

In 2019, shipments abroad of hops decreased by -X% to X tonnes, falling for the fourth consecutive year after four years of growth. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, hop exports skyrocketed to $X in 2019. Overall, exports saw a prominent expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tonnes) was the main destination for hop exports from Singapore, accounting for a X% share of total exports. Moreover, hop exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Seychelles (X kg), ninefold. The third position in this ranking was occupied by Malaysia (X kg), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Lao People's Democratic Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+X% per year) and Malaysia (-X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for hop exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Lao People's Democratic Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average hop export price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the export price enjoyed buoyant growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Seychelles ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Singapore

In 2019, the amount of hops imported into Singapore skyrocketed to X tonnes, jumping by X% against the previous year's figure. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, hop imports soared to $X in 2019. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Egypt (X tonnes) was the main hop supplier to Singapore, with a X% share of total imports. Moreover, hop imports from Egypt exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from Egypt stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Slovenia (+X% per year).

In value terms, the largest hop suppliers to Singapore were Slovenia ($X), the Czech Republic ($X) and Egypt ($X), together accounting for X% of total imports.

The Czech Republic (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hop import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Slovenia ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced a decline.

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. China, Italy, Japan, the Czech Republic, Russia, Canada and Brazil lagged somewhat behind, together comprising 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 accounting for 81% of global production.
What are the leading suppliers of hops to Singapore?
+
In value terms, Slovenia ($93K), the Czech Republic ($65K) and Egypt ($19K) constituted the largest hop suppliers to Singapore, together accounting for 75% of total imports.
What are the leading importers of hops from Singapore?
+
In value terms, Lao People's Democratic Republic ($31K) emerged as the key foreign market for hop exports from Singapore, comprising 70% of total exports. The second position in the ranking was occupied by Japan ($9.6K), with a 22% share of total exports. It was followed by Indonesia, with a 4.3% share.
What is the average export price for hops in Singapore?
+
In 2019, the average hop export price amounted to $22,846 per tonne, growing by 73% against the previous year.
What is the average import price for hops in Singapore?
+
In 2019, the average hop import price amounted to $11,528 per tonne, reducing by -29.8% against the previous year.

Product coverage:
• FCL 677 - Hops

This report provides an in-depth analysis of the hop market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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