Turkey: Hop Market 2022

Hop Market Size in Turkey

In 2021, the Turkish hop market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hop Exports

Exports from Turkey

In 2021, approx. X tonnes of hops were exported from Turkey; jumping by X% on 2020 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hop exports surged to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tonnes), Russia (X tonnes) and Germany (X tonnes) were the main destinations of hop exports from Turkey, with a combined X% share of total exports. Algeria and Georgia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Georgia (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Russia ($X) and Germany ($X) appeared to be the largest markets for hop exported from Turkey worldwide, together accounting for X% of total exports. These countries were followed by Georgia and Algeria, which together accounted for a further X terms of the main countries of destination, Georgia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hop export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Georgia ($X per tonne), while the average price for exports to Algeria ($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 Georgia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Hop Imports

Imports into Turkey

In 2021, the amount of hops imported into Turkey dropped to X tonnes, waning by -X% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hop imports reduced to $X in 2021. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tonnes) constituted the largest hop supplier to Turkey, with a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tonnes), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -X%.

In value terms, Germany ($X) constituted the largest supplier of hop to Turkey, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -X%.

Import Prices by Country

The average hop import price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked in 2021 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 the United States ($X per tonne), while the price for Germany amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform