MERCOSUR: Hop Market 2025

Hop Market Size in MERCOSUR

The MERCOSUR hop market shrank rapidly to $X in 2022, dropping by -19.4% against the previous year. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Hop Production in MERCOSUR

In value terms, hop production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Argentina (X tons) constituted the country with the largest volume of hop production, accounting for 100% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina was relatively modest.

In 2022, the average yield of hops in MERCOSUR reduced modestly to X tons per ha, leveling off at 2021 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 0.4%. As a result, the yield reached the peak level of X tons per ha, leveling off in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hops were harvested in MERCOSUR; approximately equating 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 2.4%. Over the period under review, the harvested area dedicated to hop production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area remained at a lower figure.

Hop Exports

Exports in MERCOSUR

In 2022, after two years of decline, there was significant growth in shipments abroad of hops, when their volume increased by 22% to X tons. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 200%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, hop exports skyrocketed to $X in 2022. Overall, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2019 with an increase of 264% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X tons) and Colombia (X tons) were the major exporters of hops in MERCOSUR, together making up 68% of total exports. Brazil (X tons) ranks next in terms of the total exports with a 16% share, followed by Peru (16%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +98.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X), Colombia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +113.0%, saw the highest rates of growth with regard to 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

In 2022, the export price in MERCOSUR amounted to $X per ton, waning by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per ton) and Colombia ($X per ton), while Peru ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the other leaders experienced more modest paces of growth.

Hop Imports

Imports in MERCOSUR

Hop imports declined significantly to X tons in 2022, dropping by -19.7% on the year before. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, hop imports declined rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which finished at 53% of total imports. Argentina (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (13%) and Peru (10%). The following importers - Ecuador (X tons) and Chile (X tons) - each reached a 5.6% share of total imports.

Imports into Brazil increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Chile (+23.4%), Argentina (+10.8%) and Peru (+4.1%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +23.4% from 2012-2022. Ecuador and Colombia experienced a relatively flat trend pattern. Argentina (+6.9 p.p.) and Chile (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Colombia saw its share reduced by -1.6% and -6.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported hops in MERCOSUR, comprising 53% of total imports. The second position in the ranking was held by Argentina ($X), with a 22% share of total imports. It was followed by Colombia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +5.3%. In the other countries, the average annual rates were as follows: Argentina (+15.1% per year) and Colombia (-0.4% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, falling by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 when the import price increased by 15%. Over the period under review, import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform