Spain - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Import of Hop Drops Sharply to $6.6 Million in 2024
Spain Hop Imports
In 2024, imports of hops into Spain contracted markedly to 400 tons, which is down by -39.9% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. Imports peaked at 687 tons in 2019; however, from 2020 to 2024, imports remained at a lower figure.
In value terms, hop imports shrank dramatically to $6.6M (IndexBox estimates) in 2024. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure at $10M in 2019; however, from 2020 to 2024, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Hop in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Germany | 3.7 | 4.4 | 4.4 | 7.0 | 6.4 | 6.8 | 5.3 | 4.5 | 3.9 | 5.8 | 4.7 |
| Belgium | N/A | N/A | 0.1 | 0.2 | 1.0 | 3.0 | 3.4 | 2.8 | 3.9 | 3.4 | 1.3 |
| Netherlands | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 | 0.3 | 0.3 | 0.2 |
| Slovenia | N/A | N/A | N/A | N/A | N/A | 0.1 | 0.1 | 0.1 | N/A | 0.1 | 0.1 |
| United Kingdom | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | N/A | N/A |
| Austria | N/A | N/A | 0.7 | N/A | 0.1 | 0.2 | 0.2 | 0.1 | N/A | N/A | N/A |
| Others | 0.1 | N/A | 0.2 | 0.4 | 0.6 | 0.2 | 0.1 | 0.8 | 0.2 | 0.2 | 0.3 |
| Total | 4.0 | 4.6 | 5.5 | 7.8 | 8.2 | 10.3 | 9.4 | 8.5 | 8.4 | 9.8 | 6.6 |
Imports by Country
In 2024, Germany (327 tons) constituted the largest supplier of hop to Spain, accounting for a 82% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (47 tons), sevenfold. the Netherlands (6.2 tons) ranked third in terms of total imports with a 1.5% share.
From 2014 to 2024, 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: Belgium (+38.1% per year) and the Netherlands (+91.7% per year).
In value terms, Germany ($4.7M) constituted the largest supplier of hops to Spain, comprising 71% of total imports. The second position in the ranking was taken by Belgium ($1.3M), with a 20% share of total imports. It was followed by the Netherlands, with a 3.3% share.
From 2014 to 2024, the average annual growth rate of value from Germany amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.3% per year) and the Netherlands (+105.9% per year).
Imports by Type
In 2024, hop cones; ground, powdered or in the form of pellets; lupulin (398 tons) was the main type of hops supplied to Spain, accounting for a 100% share of total imports. It was followed by hop cones; neither ground nor powdered nor in the form of pellets (1.7 tons), with a 0.4% share of total imports.
From 2014 to 2024, the average annual growth rate of the volume of hop cones; ground, powdered or in the form of pellets; lupulin imports was relatively modest.
In value terms, hop cones; ground, powdered or in the form of pellets; lupulin ($6.6M) constituted the largest type of hops supplied to Spain, comprising 100% of total imports. The second position in the ranking was held by hop cones; neither ground nor powdered nor in the form of pellets ($20K), with a 0.3% share of total imports.
Import Prices by Country
In 2024, the hop price amounted to $16,515 per ton (CIF, Spain), surging by 12% against the previous year. Overall, import price indicated pronounced growth from 2014 to 2024: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, hop import price increased by +18.8% against 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of 42%. The import price peaked at $16,701 per ton in 2020; however, from 2021 to 2024, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($34,993 per ton), while the price for Poland ($7,679 per ton) was amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was attained by the UK (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the hop market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
