Report Singapore - Hops - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 20, 2022

Singapore - Hops - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Hop Market 2022

Hop Market Size in Singapore

The Singaporean hop market soared to $X in 2021, jumping by 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). In general, consumption saw a strong increase. Hop consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Hop Exports

Exports from Singapore

In 2021, exports of hops from Singapore rose sharply to X tonnes, surging by X% against 2020 figures. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% year-to-year. As a result, the exports reached the peak of X tonnes. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, hop exports declined to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Over the period under review, the exports hit record highs at $X in 2020, and then contracted modestly in the following year.

Exports by Country

Malaysia (X tonnes) was the main destination for hop exports from Singapore, with a X% share of total exports. Moreover, hop exports to Malaysia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), ninefold. Indonesia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+X% per year) and Indonesia (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average hop export price stood at $X per tonne in 2021, waning by -X% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2020, and then contracted in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Singapore

In 2021, the amount of hops imported into Singapore skyrocketed to X tonnes, increasing by X% against 2020. Overall, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, hop imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Germany (X kg), the United States (X kg) and Slovenia (X kg) were the main suppliers of hop imports to Singapore, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Slovenia (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hop suppliers to Singapore were Germany ($X), Slovenia ($X) and New Zealand ($X), with a combined X% share of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hop import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?
+
The countries with the highest volumes of hop consumption in 2021 were Ethiopia, the United States and Germany, with a combined 65% share of global consumption. China, Japan, Russia, Brazil, the Czech Republic and Poland lagged somewhat behind, together accounting for a further 17%.
What are the largest producers of hops in the world?
+
The countries with the highest volumes of hop production in 2021 were the United States, Germany and Ethiopia, with a combined 79% share of global production. These countries were followed by China, the Czech Republic, Poland and Slovenia, which together accounted for a further 12%.
What are the leading suppliers of hops to Singapore?
+
In value terms, Germany, Slovenia and New Zealand appeared to be the largest hop suppliers to Singapore, together accounting for 68% of total imports.
What are the leading importers of hops from Singapore?
+
In value terms, Lao People's Democratic Republic emerged as the key foreign market for hop exports from Singapore, comprising 74% of total exports. The second position in the ranking was occupied by Malaysia, with a 15% share of total exports. It was followed by Indonesia, with a 9% share.
What is the average export price for hops in Singapore?
+
In 2021, the average hop export price amounted to $23,304 per tonne, shrinking by -6.8% against the previous year.
What is the average import price for hops in Singapore?
+
The average hop import price stood at $11,877 per tonne in 2021, reducing by -11.7% against the previous year.

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 2030.


Product coverage:
• FCL 677 - Hops
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

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 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
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, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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