MENA: Hop Market 2024

Hop Market Size in MENA

The MENA's hop market expanded significantly to $X in 2022, picking up by 8.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hop Production in MENA

In value terms, hop production skyrocketed to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +64.9% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The United Arab Emirates (X tons) remains the largest hop producing country in MENA, accounting for 78% of total volume. Moreover, hop production in the United Arab Emirates exceeded the figures recorded by the second-largest producer, Egypt (X tons), eightfold. Turkey (X tons) ranked third in terms of total production with a 7.9% share.

In the United Arab Emirates, hop production increased at an average annual rate of +1.0% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Egypt (+1.5% per year) and Turkey (0.0% per year).

Hop Exports

Exports in MENA

In 2022, shipments abroad of hops increased by 266% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a tangible expansion. The growth pace was the most rapid in 2015 with an increase of 365%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, hop exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 265%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2022. Saudi Arabia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the hops exports, with a CAGR of +103.9% from 2012 to 2022. At the same time, Saudi Arabia (+1.9%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by +95 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hop supplier in MENA, comprising 96% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 0.9% share of total exports.

In Turkey, hop exports expanded at an average annual rate of +116.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, which is down by -17.3% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by 174% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%).

Hop Imports

Imports in MENA

In 2022, approx. X tons of hops were imported in MENA; growing by 17% on the previous year. Overall, imports, however, continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 when imports increased by 60% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hop imports soared to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 64% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tunisia (X tons) and Turkey (X tons) represented roughly 67% of total imports in 2022. It was distantly followed by Iran (X tons), Israel (X tons) and Algeria (X tons), together achieving a 27% share of total imports. Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hop importing markets in MENA were Turkey ($X), Tunisia ($X) and Iran ($X), with a combined 78% share of total imports.

Iran, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 4.4% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 decreased by -11.5% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform