Finland: Hop Market 2025

Hop Market Size in Finland

In 2022, the Finnish hop market decreased by -7.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Hop Exports

Exports from Finland

In 2022, after three years of decline, there was significant decline in shipments abroad of hops, when their volume decreased by -83.4% to X kg. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 9% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, hop exports soared to $X in 2022. Overall, exports, however, saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X kg), Latvia (X kg) and Sweden (X kg) were the main destinations of hop exports from Finland, together accounting for 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Belarus ($X) emerged as the key foreign market for hops exports from Finland, comprising 56% of total exports. The second position in the ranking was taken by Latvia ($X), with a 22% share of total exports. It was followed by Sweden, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus totaled +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+4.4% per year) and Sweden (0.0% per year).

Export Prices by Country

The average hop export price stood at $X per ton in 2022, with an increase of 862% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Belarus ($X per ton), while the average price for exports to Estonia ($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 Belarus (+104.3%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Finland

In 2022, purchases abroad of hops decreased by -12.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded strong growth. The growth pace was the most rapid in 2013 when imports increased by 114%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, hop imports contracted to $X in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 119%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and the Czech Republic (X tons) were the main suppliers of hop imports to Finland, with a combined 83% share of total imports. The United States, New Zealand and the UK lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +107.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hop suppliers to Finland were Germany ($X), Belgium ($X) and the Czech Republic ($X), together accounting for 78% of total imports. The United States, New Zealand and the UK lagged somewhat behind, together comprising a further 19%.

New Zealand, with a CAGR of +117.2%, 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

In 2022, the average hop import price amounted to $X per ton, picking up by 6.3% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 +13.7% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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