Hong Kong SAR, China - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Hong Kong SAR - 2023
Contents:
- Hop Price in Hong Kong SAR (FOB) - 2022
- Hop Price in Hong Kong SAR (CIF) - 2022
- Hop Exports in Hong Kong SAR
- Hop Imports in Hong Kong SAR
Hop Price in Hong Kong SAR (FOB) - 2022
In 2022, the average hop export price amounted to $24,250 per ton, with an increase of 7.7% against the previous year. In general, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices reached the peak figure at $28,819 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($29,735 per ton), while the average price for exports to the Philippines ($19,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Price in Hong Kong SAR (CIF) - 2022
In 2022, the average hop import price amounted to $29,963 per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of 95%. As a result, import price reached the peak level of $30,018 per ton, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($41,877 per ton), while the price for South Korea ($18,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Hop Exports in Hong Kong SAR
In 2022, approx. 63 tons of hops were exported from Hong Kong SAR; picking up by 2,863% against the previous year. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hop exports soared to $1.5M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hop in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | N/A | N/A | 681 | 576.5% |
| Vietnam | 3.8 | 6.8 | 13.6 | 325 | 340.6% |
| Japan | N/A | N/A | N/A | 150 | 0% |
| Thailand | 5.2 | N/A | N/A | 117 | 182.3% |
| Taiwan (Chinese) | N/A | N/A | 8.5 | 99.8 | 1074.1% |
| Singapore | 1.3 | N/A | N/A | 49.4 | 236.2% |
| Philippines | 6.6 | 37.7 | 3.0 | 47.4 | 92.9% |
| Indonesia | N/A | N/A | N/A | 27.6 | 0% |
| Others | 3.7 | N/A | 22.5 | 23.8 | 86.0% |
| Total | 22.8 | 44.5 | 47.7 | 1,522 | 305.7% |
Top Export Markets for Hop from Hong Kong SAR in 2022:
- China (31.5 tons)
- Vietnam (11.1 tons)
- Japan (5.1 tons)
- Thailand (4.8 tons)
- Taiwan (Chinese) (3.7 tons)
- Philippines (2.5 tons)
- Singapore (2.0 tons)
- Indonesia (1.0 tons)
Hop Imports in Hong Kong SAR
In 2022, hop imports into Hong Kong SAR soared to 31 tons, increasing by 7,709% on 2021 figures. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, hop imports soared to $929K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hop in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 1.9 | 0.7 | 746 | 577.4% |
| China | N/A | N/A | N/A | 92.1 | 0% |
| New Zealand | N/A | N/A | 3.6 | 62.7 | 1641.7% |
| South Korea | N/A | N/A | N/A | 21.8 | 0% |
| Germany | 25.3 | 34.0 | 7.7 | N/A | -44.8% |
| Others | N/A | N/A | N/A | 6.3 | 0% |
| Total | 27.7 | 35.8 | 11.9 | 929 | 222.5% |
Top Suppliers of Hop to Hong Kong SAR in 2022:
- United States (25.1 tons)
- New Zealand (2.3 tons)
- China (2.2 tons)
- South Korea (1.2 tons)
This report provides an in-depth analysis of the hop market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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