Hop Market in Brazil
Market Overview
The Brazilian hop market fell rapidly to $
in , reducing by -% against 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). In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $ in , and then shrank rapidly in the following year.
in , reducing by -% against 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). In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $ in , and then shrank rapidly in the following year.Consumption
In , the amount of hops consumed in Brazil dropped rapidly to tons, declining by -% against . Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak volume of tons, and then fell rapidly in the following year.
The value of the hop market in Brazil fell rapidly to $ in , declining by -% against 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). In general, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $ in , and then reduced sharply in the following year.
, the amount of hops consumed in Brazil dropped rapidly to tons, declining by -% against . Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak volume of tons, and then fell rapidly in the following year.The value of the hop market in Brazil fell rapidly to $
in , declining by -% against 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). In general, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $ in , and then reduced sharply in the following year.Market Forecast
Driven by increasing demand for hops in Brazil, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Hop market in Brazil consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
Brazil remains a net importer of hop; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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