Ethiopia: Hop Market 2024

Hop Market Size in Ethiopia

The Ethiopian hop market expanded to $X in 2022, increasing by 2% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Hop Production in Ethiopia

In value terms, hop production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% 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 -3.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of hops in Ethiopia totaled X tons per ha, with an increase of 1.9% on the previous year. The yield figure increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, the average hop yield reached the peak level at X tons per ha in 2015; 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 Ethiopia fell modestly to X ha, remaining relatively unchanged against the previous year. The harvested area increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the harvested area increased by 22% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the hop harvested area failed to regain momentum.

Hop Exports

Exports from Ethiopia

In 2022, overseas shipments of hops increased by 2.6% to X tons, rising for the seventh year in a row after three years of decline. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, hop exports reduced to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 21%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell modestly in the following year.

Exports by Country

The United States (X tons), Sudan (X tons) and Germany (X tons) were the main destinations of hop exports from Ethiopia, together comprising 64% 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 Germany (with a CAGR of +137.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hop exported from Ethiopia were the United States ($X), Israel ($X) and Sudan ($X), together accounting for 63% of total exports. Canada, Germany, Sweden and the UK lagged somewhat behind, together accounting for a further 27%.

In terms of the main countries of destination, the UK, with a CAGR of +91.9%, saw the highest growth rate of 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, which is down by -4.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 6.8% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 Israel ($X per ton), while the average price for exports to Sweden ($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 Israel (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hop Imports

Imports into Ethiopia

In 2022, purchases abroad of hops was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 165%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hop imports soared to $X in 2022. Overall, imports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 262% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) was the main hop supplier to Ethiopia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -7.1%.

In value terms, Germany ($X) constituted the largest supplier of hops to Ethiopia.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -1.4%.

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, jumping by 26% against the previous year. In general, the import price posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 140%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +6.1% per year.

Source: IndexBox Platform