Romania: Hop Market 2024

Hop Market Size in Romania

The Romanian hop market declined sharply to $X in 2022, dropping by -15.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Hop Production in Romania

In value terms, hop production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 when the production volume increased by 69%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of hops in Romania dropped markedly to X ton per ha in 2022, which is down by -19% compared with 2021. In general, the yield indicated a noticeable increase from 2012 to 2022: its figure increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop yield increased by +19.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 55% against the previous year. The hop yield peaked at X tons per ha in 2021, and then dropped dramatically 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.

The hop harvested area in Romania soared to X ha in 2022, jumping by 24% compared with the previous year. In general, the harvested area, however, recorded a relatively flat trend pattern. The hop harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Hop Exports

Exports from Romania

Hop exports from Romania contracted markedly to X kg in 2022, dropping by -94.4% compared with the previous year. Over the period under review, exports continue to indicate a deep downturn. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hop exports dropped significantly to $X in 2022. In general, exports recorded a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for hop exports from Romania, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -94.4%.

In value terms, Germany ($X) also remains the key foreign market for hops exports from Romania.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -94.8%.

Export Prices by Country

The average hop export price stood at $X per ton in 2022, which is down by -6% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -6.0% per year.

Hop Imports

Imports into Romania

In 2022, imports of hops into Romania shrank to X tons, declining by -14.9% against the year before. Overall, total imports indicated mild growth from 2012 to 2022: its volume 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 -2.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 96%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hop imports fell markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 97%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest hop supplier to Romania, with a 85% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+61.1% per year) and the Czech Republic (+12.1% per year).

In value terms, Germany ($X) constituted the largest supplier of hops to Romania, comprising 78% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+16.9% per year) and Slovenia (+57.1% per year).

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, dropping by -9.9% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($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 (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :