United Arab Emirates: Hop Market 2024

Hop Market Size in the United Arab Emirates

The hop market in the United Arab Emirates totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Hop Production in the United Arab Emirates

In value terms, hop production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

In 2022, the average yield of hops in the United Arab Emirates amounted to less than X kg per ha, approximately equating the previous year's figure. 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 hop harvested area in the United Arab Emirates stood at less than X ha, approximately reflecting the year before. Overall, the harvested area showed a relatively flat trend pattern.

Hop Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of hops increased by 6.6% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 567%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hop exports shrank to $X in 2022. In general, exports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X kg) was the main destination for hop exports from the United Arab Emirates, accounting for a 86% share of total exports. Moreover, hop exports to Qatar exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold. The third position in this ranking was held by Tanzania (X kg), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to -34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-37.2% per year) and Tanzania (-36.6% per year).

In value terms, the largest markets for hop exported from the United Arab Emirates were Tanzania ($X), Estonia ($X) and Iran ($X), with a combined 79% share of total exports.

In terms of the main countries of destination, Estonia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average hop export price stood at $X per ton in 2022, dropping by -14.8% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 316%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of hops was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2019 when imports increased by 355% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hop imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 with an increase of 373% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X kg) constituted the largest supplier of hop to the United Arab Emirates, with a 72% share of total imports. Moreover, hop imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Germany (X kg), fourfold. The third position in this ranking was held by the United States (X kg), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and the United States (-34.5% per year).

In value terms, the largest hop suppliers to the United Arab Emirates were Saudi Arabia ($X), Germany ($X) and the UK ($X), together accounting for 99% of total imports.

Germany, with a CAGR of +21.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, shrinking by -29.7% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 257%. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Pakistan ($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 UK (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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