Report Update Nov 1, 2024

Turkey - Hops - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Hop Market 2024

Hop Market Size in Turkey

The Turkish hop market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption faced a deep downturn. Hop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hop Production in Turkey

In value terms, hop production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

In 2022, the average hop yield in Turkey stood at less than X kg per ha, remaining constant against 2021 figures. Over the period under review, the yield showed 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.

In 2022, the harvested area of hops in Turkey totaled less than X ha, approximately equating the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Hop Exports

Exports from Turkey

In 2022, shipments abroad of hops increased by 364% to X tons, rising for the fourth year in a row after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hop exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for hop exports from Turkey, with a 87% share of total exports. Moreover, hop exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold. Georgia (X tons) ranked third in terms of total exports with a 1.3% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +427.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+756.3% per year) and Georgia (-30.1% per year).

In value terms, Russia ($X) remains the key foreign market for hops exports from Turkey, comprising 79% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total exports. It was followed by Georgia, with a 1.4% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Russia totaled +249.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+789.6% per year) and Georgia (-50.0% per year).

Export Prices by Country

The average hop export price stood at $X per ton in 2022, shrinking by -26.2% against the previous year. In general, the export price, however, saw strong growth. The growth pace was the most rapid in 2017 an increase of 1,349%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.9%), while the prices for the other major destinations experienced a decline.

Hop Imports

Imports into Turkey

In 2022, overseas purchases of hops were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by 60%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hop imports soared to $X in 2022. In general, imports, however, saw a noticeable decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) were the main suppliers of hop imports to Turkey.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +5.2%).

In value terms, the largest hop suppliers to Turkey were the United States ($X) and Germany ($X).

The United States, with a CAGR of +13.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average hop import price stood at $X per ton in 2022, growing by 30% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 increased by +83.8% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hops in the world?

The countries with the highest volumes of hop consumption in 2021 were Ethiopia, the United States and Germany, together accounting for 65% of global consumption. These countries were followed by China, Japan, Russia, Brazil, the Czech Republic and Poland, which together accounted for a further 17%.

What are the largest producers of hops in the world?

The countries with the highest volumes of hop production in 2021 were the United States, Germany and Ethiopia, with a combined 79% share of global production. China, the Czech Republic, Poland and Slovenia lagged somewhat behind, together accounting for a further 12%.

What are the leading suppliers of hops to Turkey?

In value terms, Germany constituted the largest supplier of hop to Turkey, comprising 69% of total imports. The second position in the ranking was occupied by the United States, with a 30% share of total imports.

What are the leading importers of hops from Turkey?

In value terms, the largest markets for hop exported from Turkey were Kazakhstan, Russia and Germany, with a combined 95% share of total exports. Georgia and Algeria lagged somewhat behind, together accounting for a further 4.1%.

What is the average export price for hops in Turkey?

In 2021, the average hop export price amounted to $10,230 per ton, shrinking by -19.3% against the previous year.

What is the average import price for hops in Turkey?

In 2021, the average hop import price amounted to $15,344 per ton, with an increase of 4.7% against the previous year.

This report provides an in-depth analysis of the hop market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 677 - Hops

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023