Market research

Hop cones and lupulin market in Serbia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Serbian hop cones and lupulin market volume fluctuated between 2018 and 2023. After reaching a high of 159.1 tons in 2019, consumption declined over the next two years to 142.3 tons in 2021. A temporary recovery in 2022 brought the market to 151.9 tons, but it fell again to 138.5 tons in 2023.

These movements were primarily driven by trade flows, as imports varied from 122.1 to 150.0 tons while exports grew steadily from 1.2 to 35.5 tons over the period. Domestic production remained relatively stable, ranging between 31.5 and 35.7 tons annually.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Serbia
  1. 5.1.1. Annual dynamics of production in Serbia in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Serbia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production hop cones and lupulin in Serbia

In kind, 2017-2020, kg

Between 2017 and 2020, Serbia ranked 24th globally in the production of hop cones and lupulin, establishing itself as one of the world's leading producers during this period.

Top producers of hop cones and lupulin, 2017-2020

Source: SHEV.io

World map of production of hop cones and lupulin, 2017-2020

Source: SHEV.io

In 2020, Serbia produced 33,400 kg of hop cones and lupulin, representing a moderate increase of 6.0% compared to the previous year. Production reached its lowest point in 2019 at 31,510 kg, while the highest output was recorded in 2018 at 35,710 kg. The most significant decline occurred in 2019, with an 11.8% drop, whereas the largest increase was observed in 2018, with an 8.3% rise.

Annual dynamics of production in Serbia in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.3%	(11.8%)	6.0%	0.4%

Source: SHEV.io

Exports hop cones and lupulin from Serbia

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Serbia's exports of hop cones and lupulin reached their lowest point in 2018 at 1.2 t, while the highest volume was recorded in 2017, with a peak-to-trough ratio of 27 times. In 2020, exports amounted to 23.4 t, marking a substantial increase of 297.8% compared to 2019. The most significant decline occurred in 2018, with a 96.3% drop, and the largest increase was in 2019, with a 385.9% rise.

Annual dynamics of product's exports from Serbia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(96.3%)	385.9%	297.8%	(10.4%)

Source: SHEV.io

From 2017 to 2020, the main markets for Serbia's exports of hop cones and lupulin in kind were Slovenia, accounting for 50.5% of exports, Poland with 21.4%, and Italy with 16.9%. Together, these three countries represented 88.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Serbia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Market behavior during these years was characterized by volatility. The period saw a trough in 2018 and a peak in 2020, with a 4.7-fold amplitude between these extremes. In 2020, Serbia exported 95,000 US dollars worth of hop cones and lupulin, reflecting a gain of 73.2% over the previous year. The minimum value was recorded in 2018 at 20,000 US dollars. The largest decline occurred in 2018, with a 12.6% drop, while the most significant increase was in 2019, with a 169.7% rise.

Annual dynamics of product's exports from Serbia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.6%)	169.7%	73.2%	59.8%

Source: SHEV.io

Between 2017 and 2020, the primary buyers of hop cones and lupulin from Serbia in value terms were Croatia, accounting for 29.2% of exports, Italy with 22.1%, and Poland with 21.6%. Collectively, these three markets formed 73.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Serbia in value, 2017-2020

Source: SHEV.io

Imports hop cones and lupulin to Serbia

Imports in kind, t

Serbia's imports of hop cones and lupulin increased for the third consecutive year in 2020, reaching 135.4 t, which marked a slight uptick of 1.5% compared to the previous year. Over the period from 2017 to 2020, imports grew by 12.3%, with a compound annual growth rate of 3.9%.

Annual dynamics of product's imports to Serbia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	9.3%	1.5%	3.9%

Source: SHEV.io

From 2017 to 2020, two leading markets—Germany and Slovenia—together accounted for 82.2% of Serbia's total imports of hop cones and lupulin in kind, while the remaining volume was distributed across a wide range of other countries.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Serbia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Foreign supplies of hop cones and lupulin to Serbia increased for the third consecutive year in 2020, with imports totaling 1,531,000 US dollars, indicating a 3.2% year-over-year increase. Between 2017 and 2020, imports rose by 25.1%, equating to an annualized rate of 7.8%.

Annual dynamics of product's imports to Serbia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.4%	10.8%	3.2%	7.8%

Source: SHEV.io

Between 2017 and 2020, three principal markets—Germany, the United States, and Slovenia—together accounted for 86.9% of the total import value of hop cones and lupulin to Serbia.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Serbia in value, 2017-2020

Source: SHEV.io