U.S. - Hops - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Hops - Market Analysis, Forecast, Size, Trends and Insights

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Oct 6, 2022

Hop Price in U.S. Soars 26% to $21,295 per Ton

U.S. Hop Export Price per Ton July 2022

In July 2022, the hop price per ton stood at $21,295, surging by 26% against the previous month. Over the last six-month period, it increased at an average monthly rate of +1.9%. The export price peaked at $22,256 per ton in March 2022; however, from April 2022 to July 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In July 2022, the country with the highest price was Belgium ($28,741 per ton), while the average price for exports to Australia ($12,958 per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Hop Export Prices by Type

Average prices varied noticeably for the major types of exported product. In July 2022, the product with the highest price was hop cones; ground, powdered or in the form of pellets; lupulin ($21,313 per ton), while the average price for exports of hop cones; neither ground nor powdered nor in the form of pellets stood at $18,986 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: hop cones; neither ground nor powdered nor in the form of pellets (+3.7%).

U.S. Hop Exports

In July 2022, approximately 846 tons of hops were exported from the United States; reducing by -35.6% against the previous month's figure. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in March 2022 when exports increased by 77% m-o-m. As a result, the exports attained the peak of 2.5K tons. From April 2022 to July 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hop exports fell notably to $18M (IndexBox estimates) in July 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in March 2022 with an increase of 96% m-o-m. As a result, the exports attained the peak of $56M. From April 2022 to July 2022, the growth of the exports failed to regain momentum.

U.S. Hop Exports by Type

Hop cones; ground, powdered or in the form of pellets; lupulin (839 tons) was the largest type of hop exported from the United States, accounting for a 99% share of total exports. It was followed by hop cones; neither ground nor powdered nor in the form of pellets (6.7 tons), with a 0.8% share of total exports.

From January 2022 to July 2022, the average monthly rate of growth in terms of the volume of export of hop cones; ground, powdered or in the form of pellets; lupulin totaled -7.0%.

In value terms, hop cones; ground, powdered or in the form of pellets; lupulin ($18M) remains the largest type of hop exported from the United States, comprising 99% of total exports. The second position in the ranking was taken by hop cones; neither ground nor powdered nor in the form of pellets ($127K), with a 0.7% share of total exports.

From January 2022 to July 2022, the average monthly rate of growth in terms of the export volume of hop cones; ground, powdered or in the form of pellets; lupulin totaled -5.9%.

U.S. Hop Exports by Country

Belgium (158 tons), Canada (147 tons) and Germany (89 tons) were the main destinations of hop exports from the United States, with a combined 47% share of total exports. the UK, Brazil, Argentina, Australia and Japan lagged somewhat behind, together accounting for a further 36%.

From January 2022 to July 2022, the biggest increases were in Japan (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($4.5M), Canada ($2.6M) and Germany ($2.4M) appeared to be the largest markets for hop exported from the United States worldwide, together accounting for 53% of total exports. the UK, Argentina, Brazil, Australia and Japan lagged somewhat behind, together comprising a further 33%.

Japan, with a CAGR of +27.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • FCL 677 - Hops

Country coverage:

  • United States

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024
  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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Free Data: Hops - United States