China - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in China - 2023
Contents:
- Hop Price in China (CIF) - 2023
- Hop Price in China (FOB) - 2022
- Hop Imports in China
- Hop Exports in China
Hop Price in China (CIF) - 2023
The average hop import price stood at $11,833 per ton in September 2023, flattening at the previous month. Overall, import price indicated a tangible expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, hop import price decreased by -23.6% against July 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 87% against the previous month. As a result, import price reached the peak level of $16,215 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($25,638 per ton), while the price for Germany amounted to $9,229 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.8%).
Hop Price in China (FOB) - 2022
The average hop export price stood at $7,066 per ton in 2022, increasing by 26% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hop export price increased by +62.3% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kazakhstan ($7,177 per ton) and Japan ($7,085 per ton), while the average price for exports to Romania ($5,230 per ton) and Russia ($5,467 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Imports in China
Hop imports into China amounted to 4.3K tons in 2022, picking up by 1.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. As a result, imports reached the peak of 4.4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hop imports stood at $50M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Hop in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.7 | 20.2 | 23.4 | 21.3 | 1.0% |
| United States | 3.7 | 7.1 | 7.9 | 10.3 | 40.7% |
| Slovenia | 2.7 | 5.1 | 4.1 | 0.3 | -51.9% |
| Czech Republic | 13.1 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 16.0 | 14.3 | 18.0 | 230.2% |
| Total | 40.7 | 48.5 | 49.8 | 49.9 | 7.0% |
Top Suppliers of Hop to China in 2022:
- Slovenia (undefinedK tons)
- Germany (2.2K tons)
- United States (0.6K tons)
Hop Exports in China
Hop exports from China shrank modestly to 70 tons in 2022, waning by -4.1% against the previous year. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year.
In value terms, hop exports surged to $495K in 2022. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 26%.
| Export of Hop in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 25.8 | 25.1 | 24.3 | 171 | 87.8% |
| Brazil | 151 | 162 | 263 | 106 | -11.1% |
| Romania | N/A | N/A | N/A | 55.1 | 0% |
| Kazakhstan | 22.1 | N/A | N/A | 31.1 | 12.1% |
| Japan | 4.2 | N/A | N/A | 8.4 | 26.0% |
| United States | 19.5 | 11.2 | 30.7 | 0.7 | -67.0% |
| Spain | 16.7 | N/A | N/A | N/A | 0% |
| Cameroon | 119 | N/A | N/A | N/A | 0% |
| Latvia | 9.0 | N/A | N/A | N/A | 0% |
| Moldova | 39.8 | N/A | N/A | N/A | 0% |
| India | 57.4 | N/A | N/A | N/A | 0% |
| Kyrgyzstan | 32.3 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | 72.5 | 60.7 | N/A | -16.3% |
| Others | 35.4 | 54.8 | 31.8 | 123 | 51.5% |
| Total | 532 | 326 | 411 | 495 | -2.4% |
Top Export Markets for Hop from China in 2022:
- Russia (31.3 tons)
- Brazil (18.7 tons)
- Romania (10.5 tons)
- Kazakhstan (4.3 tons)
- Japan (1.2 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the hop market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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