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U.S. - Hops - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Hop Market Overview 2021

Hop Market Size in the U.S.

The U.S. hop market rose sharply to $X in 2020, growing by X% against the previous year. Over the period under review, consumption posted a prominent increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to see gradual growth in the near future.

Hop Production in the U.S.

In value terms, hop production rose slightly to $X in 2020. Overall, production saw a strong increase. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Hop production peaked in 2020 and is expected to retain growth in the near future.

The average yield of hops in the U.S. was estimated at X tonnes per ha in 2020, therefore, remained relatively stable against the year before. in general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by X% year-to-year. As a result, the yield attained the peak level of X tonnes per ha. from 2010 to 2020, the growth of the average hop yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of hops in the U.S. amounted to X ha, surging by X% on 2019. in general, the total harvested area indicated prominent growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hop harvested area increased by +X% against 2011 indices. The growth pace was the most rapid in 2008 when the harvested area increased by X% y-o-y. The hop harvested area peaked in 2020 and is likely to see steady growth in the immediate term.

Hop Exports

Exports from the U.S.

For the seventh consecutive year, the U.S. recorded growth in overseas shipments of hops, which increased by X% to X tonnes in 2020. Over the period under review, total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to continue growth in years to come.

In value terms, hop exports expanded modestly to $X in 2020. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Canada (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main destinations of hop exports from the U.S., together comprising X% of total exports. These countries were followed by the UK, Argentina, Australia, China and Brazil, which together accounted for a further X 2007 to 2020, the biggest increases were in Australia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Germany ($X) and Belgium ($X) were the largest markets for hop exported from the U.S. worldwide, together comprising X% of total exports. These countries were followed by the UK, Australia, Argentina, Brazil and China, which together accounted for a further X the main countries of destination, Australia saw 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

The average hop export price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. in general, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2019, and then fell in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into the U.S.

In 2020, after two years of decline, there was significant growth in supplies from abroad of hops, when their volume increased by X% to X tonnes. Over the period under review, total imports indicated temperate growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, hop imports rose notably to $X in 2020. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest hop supplier to the U.S., accounting for a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), threefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2020, 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: New Zealand (+X% per year) and Australia (+X% per year).

In value terms, the largest hop suppliers to the U.S. were Germany ($X), New Zealand ($X) and Australia ($X), with a combined X% share of total imports. These countries were followed by the UK, the Czech Republic and South Africa, which together accounted for a further X Africa (+X% per year) 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

In 2020, the average hop import price amounted to $X per tonne, standing approx. at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see steady growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox 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 2020 were the U.S. (46K tonnes), Ethiopia (46K tonnes) and Germany (32K tonnes), with a combined 67% share of global consumption. China, Japan, the Czech Republic, Russia, Italy and Poland lagged somewhat behind, together accounting for a further 16%.
What are the largest producers of hops in the world?
+
The countries with the highest volumes of hop production in 2020 were the U.S. (54K tonnes), Germany (50K tonnes) and Ethiopia (46K tonnes), together comprising 81% of global production.
What are the leading suppliers of hops to the U.S.?
+
In value terms, Germany ($33M), New Zealand ($21M) and Australia ($17M) appeared to be the largest hop suppliers to the U.S., together accounting for 91% of total imports. These countries were followed by the UK, the Czech Republic and South Africa, which together accounted for a further 7.5%.
What are the leading importers of hops from the U.S.?
+
In value terms, Canada ($45M), Germany ($31M) and Belgium ($31M) were the largest markets for hop exported from the U.S. worldwide, with a combined 49% share of total exports. The UK, Australia, Argentina, Brazil and China lagged somewhat behind, together accounting for a further 34%.
What is the average export price for hops in the U.S.?
+
The average hop export price stood at $17,152 per tonne in 2020, almost unchanged from the previous year.
What is the average import price for hops in the U.S.?
+
The average hop import price stood at $15,089 per tonne in 2020, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 677 - Hops

This report provides an in-depth analysis of the hop market in the U.S.. 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.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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