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South Africa - Hops - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

South Africa - Hops - Market Analysis, Forecast, Size, Trends and Insights

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Dec 28, 2023

Sharp Increase in South Africa's October 2023 Hop Import Reaches $924K

South Africa Hop Imports

In October 2023, hop imports into South Africa surged to 131K tons, with an increase of 439% on the month before. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in July 2023 with an increase of 1,206% against the previous month. Imports peaked in October 2023.

In value terms, hop imports skyrocketed to $924K (IndexBox estimates) in October 2023. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in July 2023 when imports increased by 1,818% m-o-m. Imports peaked in October 2023.South Africa Hop Imports By Country (Thousand USD)

COUNTRYImport Value of Hop in South Africa (thousand USD)
Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023
Germany23.819843980084.55291052776.45.6441164924
United States28950826232.7592N/A53413.322.857927.81.2N/A
Others0.33.60.71.219.50.27.414.21.30.873.972.2N/A
Total31371170183469652964630430.5585543237924

Imports by Country

In October 2023, Germany (131K tons) was the main hop supplier to South Africa, accounting for a approximately 100% share of total imports.

From October 2022 to October 2023, the average monthly rate of growth in terms of volume from Germany totaled +41.3%.

In value terms, Germany ($924K) constituted the largest supplier of hop to South Africa.

From October 2022 to October 2023, the average monthly rate of growth in terms of value from Germany stood at +35.6%.

Imports by Type

In October 2023, hop cones; ground, powdered or in the form of pellets; lupulin (131K tons) was the main type of hop supplied to South Africa, with a 99.9% share of total imports. It was followed by hop cones; neither ground nor powdered nor in the form of pellets (10 kg), with less than 0.1% share of total imports.

From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of import of hop cones; ground, powdered or in the form of pellets; lupulin amounted to +16.0%.

In value terms, hop cones; ground, powdered or in the form of pellets; lupulin ($924K) constituted the largest type of hop supplied to South Africa, comprising 99.9% of total imports. The second position in the ranking was held by hop cones; neither ground nor powdered nor in the form of pellets ($172), with less than 0.1% share of total imports.

Import Prices by Country

In October 2023, the hop price amounted to $7.1 per ton (CIF, South Africa), declining by -27.8% against the previous month. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 187% against the previous month. The import price peaked at $38.1 per ton in July 2023; however, from August 2023 to October 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From October 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +16.2% per month.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hop market in South Africa. 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:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • 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 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 Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    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 Exports

    This Chapter is Available Only for the Professional Edition PRO
    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, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    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, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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