
Turkey - Hops - Market Analysis, Forecast, Size, Trends and Insights
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Turkey: Hop Market Overview 2021
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Hop Market Size in Turkey
In 2019, the Turkish hop market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Hop consumption peaked at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.
Hop Exports
Exports from Turkey
In 2019, shipments abroad of hops increased by X% to X tonnes, rising for the fifth year in a row after two years of decline. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked in 2019 and are likely to see steady growth in the immediate term.
In value terms, hop exports rose remarkably to $X in 2019. Over the period under review, exports saw a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the near future.
Exports by Country
The United Arab Emirates (X tonnes) was the main destination for hop exports from Turkey, accounting for a X% share of total exports. Moreover, hop exports to the United Arab Emirates exceeded the volume sent to the second major destination, Azerbaijan (X kg), fourfold.
From 2007 to 2019, the average annual growth rate of volume to the United Arab Emirates amounted to +X%.
In value terms, the United Arab Emirates ($X) emerged as the key foreign market for hop exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Azerbaijan ($X), with a X% share of total exports.
From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates stood at +X%.
Export Prices by Country
In 2019, the average hop export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Azerbaijan amounted to $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates.
Hop Imports
Imports into Turkey
In 2019, approx. X tonnes of hops were imported into Turkey; waning by -X% compared with 2018 figures. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.
In value terms, hop imports amounted to $X in 2019. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.
Imports by Country
In 2019, Germany (X tonnes) constituted the largest hop supplier to Turkey, accounting for a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), eightfold.
From 2007 to 2019, the average annual growth rate of volume from Germany totaled -X%.
In value terms, Germany ($X) constituted the largest supplier of hop to Turkey, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of value from Germany amounted to -X%.
Import Prices by Country
The average hop import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The import price peaked in 2019 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Germany totaled $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..
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), 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?+
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 comprising 81% of global production.
What are the leading suppliers of hops to Turkey?+
In value terms, Germany ($1.9M) constituted the largest supplier of hop to Turkey, comprising 82% of total imports. The second position in the ranking was occupied by the U.S. ($405K), with a 17% share of total imports.
What are the leading importers of hops from Turkey?+
In value terms, the United Arab Emirates ($11K) emerged as the key foreign market for hop exports from Turkey, comprising 90% of total exports. The second position in the ranking was occupied by Azerbaijan ($1.2K), with a 10% share of total exports.
What is the average export price for hops in Turkey?+
In 2019, the average hop export price amounted to $4,044 per tonne, with a decrease of -24.7% against the previous year.
What is the average import price for hops in Turkey?+
In 2019, the average hop import price amounted to $14,529 per tonne, with an increase of 19% against the previous year.
This report provides an in-depth analysis of the hop market in Turkey. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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