United Kingdom: Hop Market 2024

Hop Market Size in the UK

The UK hop market surged to $X in 2022, jumping by 81% against the previous year. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hop Production in the UK

In value terms, hop production rose modestly to $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 69%. Hop production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of hops in the UK contracted to X tons per ha in 2022, approximately mirroring the previous year. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 1.1%. Over the period under review, the average hop yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. 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 the UK rose sharply to X ha in 2022, with an increase of 9.9% on 2021. In general, the harvested area posted tangible growth. The growth pace was the most rapid in 2016 with an increase of 64% against the previous year. The hop harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Hop Exports

Exports from the UK

In 2022, overseas shipments of hops were finally on the rise to reach X tons after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 41% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hop exports dropped to $X in 2022. Over the period under review, exports showed mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Kyrgyzstan (X tons) and the United States (X tons) were the main destinations of hop exports from the UK, with a combined 42% share of total exports. Germany, Belarus, Canada, Australia, Sweden, Poland, Serbia, the Netherlands, France and Belgium lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +185.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Russia ($X) appeared to be the largest markets for hop exported from the UK worldwide, with a combined 31% share of total exports. Canada, Sweden, Kyrgyzstan, Australia, Poland, Belarus, France, the Netherlands, Belgium and Serbia lagged somewhat behind, together accounting for a further 54%.

Among the main countries of destination, Serbia, with a CAGR of +120.8%, 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

The average hop export price stood at $X per ton in 2022, shrinking by -23.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belarus ($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 Poland (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into the UK

After two years of decline, purchases abroad of hops increased by 98% to X tons in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hop imports surged to $X in 2022. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest hop supplier to the UK, with a 59% share of total imports. Moreover, hop imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Canada (+103.8% per year).

In value terms, the United States ($X) constituted the largest supplier of hops to the UK, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Canada, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Canada (+94.6% per year).

Import Prices by Country

The average hop import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 +105.5% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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