Jordan: Hop Market 2024

Hop Market Size in Jordan

The Jordanian hop market reduced to $X in 2022, dropping by -1.7% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Hop Production in Jordan

In value terms, hop production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with a decrease of 99.9% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of hops in Jordan amounted to less than X kg per ha in 2022, standing approx. at 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hop harvested area in Jordan totaled less than X ha in 2022, approximately reflecting 2021. In general, the harvested area continues to indicate a relatively flat trend pattern.

Hop Exports

Exports from Jordan

In 2021, exports of hops from Jordan amounted to X kg, almost unchanged from the previous year. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hop exports fell remarkably to $X in 2021. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 593% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) and Bahrain (X kg) were the main destinations of hop exports from Jordan.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of 0.0%).

In value terms, the largest markets for hop exported from Jordan were Bahrain ($X) and Saudi Arabia ($X).

Bahrain, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average hop export price stood at $X per ton in 2021, remaining constant against the previous year. In general, the export price posted modest growth. The pace of growth appeared the most rapid in 2015 an increase of 427% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Saudi Arabia stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into Jordan

In 2022, approx. X tons of hops were imported into Jordan; which is down by -8.8% compared with 2021 figures. Over the period under review, imports, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2021 when imports increased by 162%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, hop imports shrank to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 145% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of hop to Jordan, accounting for a 88% share of total imports. Moreover, hop imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The third position in this ranking was taken by Slovenia (X kg), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and Slovenia (+17.1% per year).

In value terms, the UK ($X) constituted the largest supplier of hops to Jordan, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 4.3% share of total imports. It was followed by Slovenia, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.7% per year) and Slovenia (+27.5% per year).

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, rising by 5.2% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 94% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the United States ($X per ton), while the price for Germany ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform