In 2023, Brazil's import of hop cones stood at approximately 33.356 million US dollars. Forecasts suggest a steady increase, with values reaching 34.392 million USD in 2024 and continuing to 38.546 million USD by 2028.
From 2024 to 2025, there is a projected year-on-year increase of about 3.11%, with similar growth upwards to 2028. Over the five-year period (2024-2028), the Compound Annual Growth Rate (CAGR) is estimated at approximately 3.11%.
Future trends to watch for include:
- Potential fluctuations in global hop production affecting prices and supply.
- Changes in Brazilian beer industry dynamics altering hop demand.
- Impact of trade policies or tariffs on import costs.
