Spain: Hop Market 2024

Hop Market Size in Spain

The Spanish hop market reduced modestly to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Hop Production in Spain

In value terms, hop production reduced to $X in 2022 estimated in export price. In general, production saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of hops in Spain expanded remarkably to X tons per ha in 2022, surging by X% on 2021 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. Over the period under review, the average hop yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. 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 Spain fell slightly to X ha, which is down by X% against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. The hop harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

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Hop Exports

Exports from Spain

For the third consecutive year, Spain recorded growth in overseas shipments of hops, which increased by X% to X tons in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, hop exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Germany (X% per year).

In value terms, France ($X) remains the key foreign market for hops exports from Spain, comprising X% of total exports. The second position in the ranking was held by Portugal ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Germany (X% per year).

Export Prices by Country

The average hop export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Spain

In 2022, hop imports into Spain shrank to X tons, dropping by X% against 2021 figures. In general, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, hop imports contracted to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of hop to Spain, accounting for a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) appeared to be the largest hop suppliers to Spain, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 ton in 2022, increasing by X% against the previous year. Overall, import price indicated a notable 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. Based on 2022 figures, hop import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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