India: Hop Market 2025

Hop Market Size in India

The Indian hop market soared to $X in 2022, picking up by 51% 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 continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Hop Exports

Exports from India

In 2022, approx. X tons of hops were exported from India; with an increase of 22% on the previous year. Over the period under review, exports posted a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 239% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, hop exports expanded remarkably to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 739% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons), Bhutan (X tons) and Nepal (X tons) were the main destinations of hop exports from India, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hop exported from India were Bhutan ($X), Sri Lanka ($X) and Nepal ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, Nepal, with a CAGR of +71.1%, 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, falling by -13.6% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 168% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Tanzania ($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 Nepal (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into India

In 2022, hop imports into India surged to X tons, picking up by 53% on the previous year. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, hop imports soared to $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of hop to India, with a 80% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.3% per year) and the Czech Republic (-29.7% per year).

In value terms, Germany ($X) constituted the largest supplier of hops to India, comprising 83% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.0% per year) and the Czech Republic (-25.4% per year).

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, falling by -1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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