Saudi Arabia - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Saudi Arabia - 2021
Contents:
- Hop Price in Saudi Arabia (CIF) - 2022
- Hop Price in Saudi Arabia (FOB) - 2022
- Hop Imports in Saudi Arabia
- Hop Exports in Saudi Arabia
Hop Price in Saudi Arabia (CIF) - 2022
The average hop import price stood at $26,186 per ton in 2022, growing by 17% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Egypt.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +14.0% per year.
Hop Price in Saudi Arabia (FOB) - 2022
In 2022, the average hop export price amounted to $1,894 per ton, increasing by 3.9% against the previous year. In general, the export price, however, faced a abrupt setback. The growth pace was the most rapid in 2013 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $10,295 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($4,368 per ton), while the average price for exports to the United Arab Emirates amounted to $1,585 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-2.4%).
Hop Imports in Saudi Arabia
In 2022, approx. 764 kg of hops were imported into Saudi Arabia; declining by -30.9% against 2021. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 8.2% against the previous year.
In value terms, hop imports shrank significantly to $20K in 2022. Over the period under review, imports showed a significant decrease. The smallest decline of -0.4% was in 2021.
| Import of Hop in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 39.3 | 20.0 | 19.9 | 20.0 | -20.2% |
| Austria | N/A | 4.8 | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 4.7 | N/A | 0% |
| Others | 0.6 | N/A | 0.1 | N/A | -59.2% |
| Total | 39.9 | 24.8 | 24.7 | 20.0 | -20.6% |
Top Suppliers of Hop to Saudi Arabia in 2022:
- Egypt (764.0 kg)
Hop Exports in Saudi Arabia
After three years of growth, shipments abroad of hops decreased by -6% to 5.3 tons in 2022. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. As a result, the exports reached the peak of 5.7 tons, and then fell in the following year.
In value terms, hop exports declined to $10K in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4.9%. As a result, the exports attained the peak of $10K, and then reduced slightly in the following year.
| Export of Hop in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.7 | 8.4 | 8.2 | 8.3 | -1.6% |
| Others | 1.6 | 1.4 | 2.2 | 1.8 | 4.0% |
| Total | 10.3 | 9.9 | 10.4 | 10.1 | -0.7% |
Top Export Markets for Hop from Saudi Arabia in 2022:
- United Arab Emirates (5.2 tons)
This report provides an in-depth analysis of the hop market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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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