Australia: Hop Market 2025

Hop Market Size in Australia

The Australian hop market surged to $X in 2022, with an increase of 54% against the previous year. Over the period under review, consumption saw perceptible growth. Hop consumption peaked in 2022 and is likely to continue growth in the immediate term.

Hop Production in Australia

In value terms, hop production totaled $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 62% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of hops in Australia stood at X tons per ha, stabilizing at the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 0.3% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average hop yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hops were harvested in Australia; therefore, remained relatively stable against 2021. In general, the harvested area showed a pronounced contraction. The pace of growth was the most pronounced in 2015 when the harvested area increased by 52% against the previous year. The hop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Hop Exports

Exports from Australia

In 2022, approx. X tons of hops were exported from Australia; with an increase of 5.6% against 2021 figures. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 176% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, hop exports fell markedly to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 195%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The United States (X tons), Germany (X tons) and Canada (X tons) were the main destinations of hop exports from Australia, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +74.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Canada ($X) were the largest markets for hop exported from Australia worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +73.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hop export price amounted to $X per ton, which is down by -22.5% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of 17%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United States ($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 the UK (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Australia

For the fourth consecutive year, Australia recorded growth in purchases abroad of hops, which increased by 38% to X tons in 2022. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, hop imports skyrocketed to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of hop to Australia, accounting for a 79% share of total imports. Moreover, hop imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+11.5% per year) and Germany (+8.3% per year).

In value terms, the United States ($X) constituted the largest supplier of hops to Australia, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 8.8% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+18.5% per year) and Germany (+14.6% per year).

Import Prices by Country

The average hop import price stood at $X per ton in 2022, with a decrease of -8.2% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +16.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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