Sweden: Hop Market Overview 2021

Hop Market Size in Sweden

In 2019, the Swedish hop market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption posted a buoyant increase. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the near future.

Hop Exports

Exports from Sweden

In 2019, the amount of hops exported from Sweden contracted slightly to X tonnes, remaining constant against 2018 figures. Overall, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, hop exports dropped markedly to $X in 2019. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Norway (X tonnes), the UK (X kg) and Finland (X kg) were the main destinations of hop exports from Sweden, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK, while exports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the UK ($X) and Finland ($X) appeared to be the largest markets for hop exported from Sweden worldwide, with a combined X% share of total exports.

The UK recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average hop export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, hop export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then fell sharply in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per tonne), while the average price for exports to Denmark ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Sweden

For the sixth year in a row, Sweden recorded growth in overseas purchases of hops, which increased by X% to X tonnes in 2019. Over the period under review, total imports indicated a pronounced increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are likely to continue growth in the immediate term.

In value terms, hop imports expanded remarkably to $X in 2019. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of hop to Sweden, accounting for a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), twofold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate 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 UK (+X% per year).

In value terms, the largest hop suppliers to Sweden were Germany ($X), Belgium ($X) and the UK ($X), with a combined X% share of total imports.

The UK (+X% per year) saw the highest growth rate of 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

In 2019, the average hop import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?

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The countries with the highest volumes of hop consumption in 2019 were Ethiopia (44K tonnes), the U.S. (43K tonnes) and Germany (30K tonnes), with a combined 66% share of global consumption. These countries were followed by China, Italy, Japan, the Czech Republic, Russia, Canada and Brazil, which together accounted for a further 18%.

What are the largest producers of hops in the world?

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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 Sweden?

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In value terms, the largest hop suppliers to Sweden were Germany ($4.7M), Belgium ($2.9M) and the UK ($1M), together comprising 90% of total imports.

What are the leading importers of hops from Sweden?

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In value terms, Norway ($18K), the UK ($13K) and Finland ($2.6K) were the largest markets for hop exported from Sweden worldwide, together accounting for 97% of total exports.

What is the average export price for hops in Sweden?

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The average hop export price stood at $14,526 per tonne in 2019, shrinking by -17% against the previous year.

What is the average import price for hops in Sweden?

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In 2019, the average hop import price amounted to $21,889 per tonne, rising by 7.6% against the previous year.