U.S. - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Prices in the United States
U.S. Hop Export Price per Ton in July 2022
In July 2022, the hop price per ton stood at $21.3K (FOB, US), rising by 26% against the previous month. Over the period from January 2022 to July 2022, it increased at an average monthly rate of +1.9%. The export price peaked at $22.3K per ton in March 2022; however, from April 2022 to July 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($28.7K per ton), while the average price for exports to Australia ($13.0K 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 Netherlands (+16.0%), 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 ($21.3K per ton), while the average price for exports of hop cones; neither ground nor powdered nor in the form of pellets totaled $19.0K 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, hop exports from the United States fell significantly to 846 tons, declining by -35.6% compared with the month before. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in March 2022 with an increase of 77% month-to-month. 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 declined significantly to $18M (IndexBox estimates) in July 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded 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 remained at a lower figure.
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, with 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. These countries were followed by the UK, Brazil, Argentina, Australia and Japan, which together accounted 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) were the largest markets for hop exported from the United States worldwide, together comprising 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 growth rate of 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.
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:
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In November 2022, the hop price stood at $19.3 per kg (FOB, US), surging by 8.8% against the previous month.
778
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