Report Update Nov 1, 2024

Denmark - Hops - Market Analysis, Forecast, Size, Trends and Insights

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Denmark: Hop Market 2024

Hop Market Size in Denmark

The Danish hop market soared to $X in 2022, growing by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient expansion. Hop consumption peaked in 2022 and is likely to see gradual growth in the near future.

Hop Exports

Exports from Denmark

For the third consecutive year, Denmark recorded decline in overseas shipments of hops, which decreased by -47.9% to X tons in 2022. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 125%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hop exports shrank dramatically to $X in 2022. Overall, exports showed a significant contraction. The pace of growth was the most pronounced in 2014 when exports increased by 64% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Greenland (X tons) was the main destination for hop exports from Denmark, accounting for a 47% share of total exports. Moreover, hop exports to Greenland exceeded the volume sent to the second major destination, Iceland (X kg), threefold. Finland (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Greenland stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+1.5% per year) and Finland (+9.7% per year).

In value terms, the largest markets for hop exported from Denmark were Finland ($X), Iceland ($X) and Norway ($X), together comprising 63% of total exports. Greenland, Sweden and Faroe Islands lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Greenland, with a CAGR of +26.4%, saw 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

The average hop export price stood at $X per ton in 2022, waning by -15.4% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Greenland ($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 Norway (-1.1%), while the prices for the other major destinations experienced a decline.

Hop Imports

Imports into Denmark

For the fourth year in a row, Denmark recorded growth in purchases abroad of hops, which increased by 37% to X tons in 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, hop imports soared to $X in 2022. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 72%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of hop imports to Denmark, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Sweden ($X) constituted the largest hop suppliers to Denmark, together comprising 91% of total imports.

Sweden, with a CAGR of +100.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hop import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2014 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?

The countries with the highest volumes of hop consumption in 2021 were Ethiopia, the United States and Germany, together comprising 65% of global consumption. These countries were followed by China, Japan, Russia, Brazil, the Czech Republic and Poland, which together accounted for a further 17%.

What are the largest producers of hops in the world?

The countries with the highest volumes of hop production in 2021 were the United States, Germany and Ethiopia, together comprising 79% of global production. These countries were followed by China, the Czech Republic, Poland and Slovenia, which together accounted for a further 12%.

What are the leading suppliers of hops to Denmark?

In value terms, Germany constituted the largest supplier of hop to Denmark, comprising 69% of total imports. The second position in the ranking was occupied by Belgium, with a 14% share of total imports. It was followed by the UK, with a 5.6% share.

What are the leading importers of hops from Denmark?

In value terms, Norway, Finland and Sweden were the largest markets for hop exported from Denmark worldwide, together comprising 86% of total exports. Iceland and Greenland lagged somewhat behind, together accounting for a further 13%.

What is the average export price for hops in Denmark?

The average hop export price stood at $21,120 per ton in 2021, reducing by -3.9% against the previous year.

What is the average import price for hops in Denmark?

In 2021, the average hop import price amounted to $27,644 per ton, rising by 7.3% against the previous year.

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

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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