India - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in India - 2023
Contents:
- Hop Price in India (CIF) - 2023
- Hop Price in India (FOB) - 2022
- Hop Imports in India
- Hop Exports in India
Hop Price in India (CIF) - 2023
In September 2023, the average hop import price amounted to $6,132 per ton, remaining constant against the previous month. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 52% m-o-m. Over the period under review, average import prices attained the peak figure at $12,433 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Hong Kong SAR ($28,451 per ton), while the price for the United States ($4,286 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.0%), while the prices for the other major suppliers experienced a decline.
Hop Price in India (FOB) - 2022
The average hop export price stood at $25,147 per ton in 2022, shrinking by -13.6% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 168%. Over the period under review, the average export prices hit record highs at $32,880 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($33,580 per ton), while the average price for exports to Tanzania ($1,276 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 Nepal (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Imports in India
In 2022, imports of hops into India surged to 780 tons, with an increase of 53% on the previous year's figure. In general, imports posted a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hop imports soared to $7.8M in 2022. Overall, imports posted moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 3.3 | 3.8 | 6.5 | 5.1% |
| United States | 1.3 | 0.5 | 1.2 | 1.2 | -2.6% |
| Others | 0.4 | 0.2 | 0.2 | 0.1 | -37.0% |
| Total | 7.3 | 4.0 | 5.2 | 7.8 | 2.2% |
Top Suppliers of Hop to India in 2022:
- Germany (620.4 tons)
- United States (150.2 tons)
Hop Exports in India
In 2022, the amount of hops exported from India soared to 11 tons, rising by 22% compared with 2021. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 83% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, hop exports expanded sharply to $274K in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 112%. As a result, the exports reached the peak of $432K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Hop in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bhutan | 197 | 306 | 219 | 123 | -14.5% |
| Sri Lanka | N/A | N/A | N/A | 84.1 | 0% |
| Nepal | 3.2 | 126 | 26.3 | 45.1 | 141.6% |
| Bangladesh | 3.3 | N/A | 14.1 | 21.7 | 87.3% |
| Tanzania | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 1.2 | N/A | 1100.0% |
| Total | 204 | 432 | 260 | 274 | 10.3% |
Top Export Markets for Hop from India in 2022:
- Sri Lanka (4.0 tons)
- Bhutan (3.7 tons)
- Nepal (2.2 tons)
- Bangladesh (0.8 tons)
- Tanzania (0.2 tons)
This report provides an in-depth analysis of the hop market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In Feb 2023, Hop price amount to 11,287 USD per Ton (CIF, India), increasing by 52% MoM.
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Global hop consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
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In 2015, the countries with the highest levels of hop production were Ethiopia (X thousand tons), Germany (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
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Germany seized control of the hop market. In 2014, Germany exported X thousand tons of hop totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total hop exports in value terms,
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In value terms, prepared rubber accelerators exports stood at $X in 2016. In general, prepared rubber accelerators exports continue to indicate a relatively flat trend pattern. Over the period unde...
