Estonia - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Estonia - 2023
Contents:
- Hop Price in Estonia (FOB) - 2023
- Hop Price in Estonia (CIF) - 2022
- Hop Exports in Estonia
- Hop Imports in Estonia
Hop Price in Estonia (FOB) - 2023
In September 2023, the average hop export price amounted to $32,078 per ton, dropping by -16.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 15% m-o-m. The export price peaked at $38,293 per ton in August 2023, and then shrank dramatically in the following month.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Finland ($35,699 per ton), while the average price for exports to Norway ($23,231 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Price in Estonia (CIF) - 2022
The average hop import price stood at $27,951 per ton in 2022, with an increase of 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs at $30,132 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($32,108 per ton), while the price for the United Arab Emirates ($7,519 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 (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Hop Exports in Estonia
Hop exports from Estonia soared to 33 tons in 2022, with an increase of 33% compared with the previous year's figure. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 734,633%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, hop exports surged to $1.1M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 898,521% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hop in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | N/A | 187 | 394 | 365 | 39.7% |
| Latvia | 0.1 | 180 | 221 | 218 | 1196.6% |
| Sweden | N/A | 10.1 | 73.6 | 164 | 303.0% |
| Lithuania | N/A | 18.5 | 31.6 | 89.4 | 119.8% |
| Poland | N/A | 99.8 | 85.7 | 87.5 | -6.4% |
| Hungary | N/A | 6.6 | N/A | 69.0 | 223.3% |
| Slovenia | N/A | 23.0 | N/A | 31.3 | 16.7% |
| Others | N/A | 23.8 | 6.3 | 43.0 | 34.4% |
| Total | 0.1 | 548 | 812 | 1,067 | 2101.5% |
Top Export Markets for Hop from Estonia in 2022:
- Finland (10.6 tons)
- Latvia (7.0 tons)
- Sweden (5.6 tons)
- Lithuania (3.0 tons)
- Poland (2.4 tons)
- Hungary (2.2 tons)
- Slovenia (1.1 tons)
Hop Imports in Estonia
After three years of growth, purchases abroad of hops decreased by -45.8% to 29 tons in 2022. In general, imports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year.
In value terms, hop imports reduced sharply to $814K in 2022. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 67%.
| Import of Hop in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 319 | 286 | 569 | 487 | 15.1% |
| United States | 175 | 38.0 | 80.0 | 153 | -4.4% |
| Belgium | 46.0 | 8.4 | 36.8 | 128 | 40.7% |
| New Zealand | N/A | N/A | 57.0 | 10.9 | -80.9% |
| United Arab Emirates | N/A | N/A | N/A | 10.0 | 0% |
| United Kingdom | 51.5 | 685 | 566 | 3.0 | -61.2% |
| Poland | N/A | N/A | 62.9 | N/A | 0% |
| Others | 45.3 | 43.8 | 61.3 | 22.8 | -20.5% |
| Total | 637 | 1,061 | 1,433 | 814 | 8.5% |
Top Suppliers of Hop to Estonia in 2022:
- Germany (16.9 tons)
- United States (4.8 tons)
- Belgium (4.7 tons)
- United Arab Emirates (1.3 tons)
- New Zealand (0.3 tons)
- United Kingdom (0.2 tons)
This report provides an in-depth analysis of the hop market in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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
- 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
-
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
-
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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