Indonesia - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Indonesia - 2022
Contents:
- Hop Price in Indonesia (CIF) - 2022
- Hop Price in Indonesia (FOB) - 2022
- Hop Imports in Indonesia
- Hop Exports in Indonesia
Hop Price in Indonesia (CIF) - 2022
The average hop import price stood at $22,295 per ton in March 2022, rising by 57% against the previous month. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in April 2021 an increase of 129% month-to-month. The import price peaked at $41,521 per ton in November 2021; however, from December 2021 to March 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Australia ($34,954 per ton), while the price for Germany ($13,869 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Price in Indonesia (FOB) - 2022
In 2022, the average hop export price amounted to $3,161 per ton, declining by -3.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 249%. As a result, the export price reached the peak level of $8,393 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($11,750 per ton), while the average price for exports to the Netherlands stood at $3,034 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Hop Imports in Indonesia
In 2022, imports of hops into Indonesia expanded significantly to 38 tons, picking up by 11% against 2021 figures. Overall, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hop imports surged to $590K in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Hop in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 58.2 | 40.5 | 87.2 | 205 | 52.2% |
| Germany | 169 | 109 | 134 | 147 | -4.5% |
| China | 30.3 | 31.0 | 36.7 | 34.8 | 4.7% |
| Singapore | 5.2 | 3.3 | 8.8 | 18.8 | 53.5% |
| Others | 121 | 124 | 224 | 185 | 15.2% |
| Total | 384 | 308 | 491 | 590 | 15.4% |
Top Suppliers of Hop to Indonesia in 2022:
- Germany (13.4 tons)
- United States (11.4 tons)
- Singapore (6.6 tons)
- China (0.5 tons)
Hop Exports in Indonesia
In 2022, overseas shipments of hops decreased by -33.1% to 242 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 207%. As a result, the exports attained the peak of 362 kg, and then dropped notably in the following year.
In value terms, hop exports contracted remarkably to $765 in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 246% against the previous year. As a result, the exports reached the peak of $1.2K, and then fell dramatically in the following year.
| Export of Hop in Indonesia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 154 | 299 | 231 | 358 | 32.5% |
| Singapore | 238 | 43.0 | 54.0 | 47.0 | -41.8% |
| Spain | N/A | N/A | 668 | N/A | 0% |
| Others | N/A | N/A | 232 | 360 | 55.2% |
| Total | 392 | 342 | 1,185 | 765 | 25.0% |
Top Export Markets for Hop from Indonesia in 2022:
- Netherlands (118.0 kg)
- Singapore (4.0 kg)
This report provides an in-depth analysis of the hop market in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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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