Global Hop Market
In value terms, hop production reduced modestly to $ in estimated in export price. In general, production recorded a tangible expansion. The pace of growth appeared the most rapid in 2008 with an increase of %. Over the period under review, global production reached the peak level at $ in , and then dropped slightly in the following year.
The countries with the highest volumes of production in were the United States ( tons), Germany ( tons) and Ethiopia ( tons), together comprising % of global production.
From 2007 to , the most notable rate of growth in terms of production, amongst the main producing countries, was attained by the United States (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.
In , the global average yield of hops contracted modestly to tons per ha, approximately mirroring . In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. The global yield peaked at tons per ha in 2019; however, from to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of hops were harvested worldwide; increasing by % against . The harvested area increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of % against the previous year. As a result, the harvested area attained the peak level of ha. From 2019 to , the growth of the global hop harvested area remained at a somewhat lower figure.
The global hop market size amounted to $ in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a pronounced increase. Global consumption peaked in and is likely to see gradual growth in years to come.
From 2007 to , the biggest increases were in Brazil (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($), Ethiopia ($) and Germany ($) were the countries with the highest levels of market value in , with a combined % share of the global market. China, Japan, Brazil, Russia, the Czech Republic and Poland lagged somewhat behind, together comprising a further %.
Brazil, with a CAGR of +%, recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of hop per capita consumption in were Ethiopia ( kg per persons), Germany ( kg per persons) and the Czech Republic ( kg per persons).
From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Brazil (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.