Argentina: Hop Market 2025

Hop Market Size in Argentina

The Argentinian hop market expanded rapidly to $X in 2022, picking up by 6.6% against the previous year. Over the period under review, consumption posted a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Hop Production in Argentina

In value terms, hop production shrank modestly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 13%. Hop production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of hops in Argentina contracted slightly to X tons per ha in 2022, stabilizing at the year before. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 0.2% against the previous year. The hop yield peaked at X tons per ha in 2018; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of hops production in Argentina totaled X ha, remaining relatively unchanged against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 2.4% against the previous year. The hop harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Hop Exports

Exports from Argentina

In 2022, after two years of decline, there was significant growth in shipments abroad of hops, when their volume increased by 45% to X tons. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 157%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, hop exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 151%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons), Bolivia (X tons) and Uruguay (X tons) were the main destinations of hop exports from Argentina, with a combined 60% share of total exports. The United States, Brazil, Paraguay and Chile lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Uruguay ($X) and Canada ($X) constituted the largest markets for hop exported from Argentina worldwide, together comprising 58% of total exports. The United States, Brazil, Paraguay and Chile lagged somewhat behind, together accounting for a further 42%.

The United States, with a CAGR of +28.0%, recorded 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 mixed trend patterns.

Export Prices by Country

The average hop export price stood at $X per ton in 2022, growing by 3.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Argentina

In 2022, approx. X tons of hops were imported into Argentina; surging by 9.6% on 2021 figures. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 144%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, hop imports totaled $X in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 115% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of hop to Argentina, accounting for a 86% share of total imports. Moreover, hop imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and the Czech Republic (+62.1% per year).

In value terms, the United States ($X) constituted the largest supplier of hops to Argentina, comprising 86% of total imports. The second position in the ranking was held by Germany ($X), with a 6.4% share of total imports. It was followed by the Czech Republic, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.1% per year) and the Czech Republic (+71.7% per year).

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop import price increased by +12.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 44%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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