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4-2017

Global hop market

A local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms. 

Hop Market in Russia

Germany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.

Kirin Holdings Full-year Profit Declines

Japanese brewer Kirin Holdings Co. reported Friday a lower profit for the full year 2011, citing a slowdown in overseas economies and rising value of the yen. The company also issued guidance for the first half and full year 2012.

For the full year, the company's net income declined to 7.41 billion yen from 11.39 billion yen in the prior year. On a per share basis, net income was 7.14 yen, significantly lower than 11.93 yen per share a year earlier.

Operating income was 142.86 million yen, down from 151.61 million yen in the previous year.

Sales for the current year declined to 2.07 trillion yen from 2.18 trillion yen a year earlier.

In the domestic alcohol beverages business, sales were down 6.5 percent and operating income dropped 3.6 percent from last year. In the domestic non-alcohol beverages business sales declined 9.5 percent.

Meanwhile, in overseas beverages business, sales grew 12.4 percent. Pharmaceutical and biochemicals business revenues dropped 17.9 percent from the previous year.

The company noted that in the domestic alcohol beverages business, despite the effects of a decline in consumer sentiment and constraints in manufacturing and supply systems following the Japan earthquake, it was putting effort to strengthen its core brands to regain sales.

Looking ahead to the first half of 2012, the company expects net income of 13 billion yen or 13.52 yen per share on sales of 1.06 trillion yen.

For the full year 2012, Kirin expects net income of 48 billion yen or 49.91 yen per share on sales of 2.23 trillion yen.

The company also declared a year-end dividend of 13.5 yen per share and projected an unchanged dividend of 27 yen per share for the full year, 2012.

20 Feb. 2012

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