China: Hop Market Overview 2021

Hop Market Size in China

In 2020, the Chinese hop market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, saw a slight decline. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Hop consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Hop Production in China

In value terms, hop production reduced to $X in 2020 estimated in export prices. in general, production continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Hop production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

In 2020, the average yield of hops in China reached X tonnes per ha, remaining stable against the year before. in general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% year-to-year. The hop yield peaked in 2020 and is likely to continue growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of hops in China shrank to X ha, waning by -X% on the previous year. in general, the harvested area continues to indicate a noticeable decrease. Over the period under review, the harvested area dedicated to hop production attained the peak figure at X ha in 2007; however, from 2008 to 2020, the harvested area failed to regain the momentum.

Hop Exports

Exports from China

In 2020, shipments abroad of hops decreased by -X% to X tonnes, falling for the third consecutive year after three years of growth. in general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

In value terms, hop exports fell sharply to $X in 2020. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Brazil (X tonnes) was the main destination for hop exports from China, with a X% share of total exports. Moreover, hop exports to Brazil exceeded the volume sent to the second major destination, Ukraine (X tonnes), twofold. Russia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Brazil stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Russia (+X% per year).

In value terms, Brazil ($X) remains the key foreign market for hop exports from China, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Brazil totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2020, the average hop export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, hop export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. in 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Australia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Hop Imports

Imports into China

Hop imports into China rose significantly to X tonnes in 2020, surging by X% compared with the previous year. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, hop imports soared to $X in 2020. in general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), the Czech Republic (X tonnes) and the U.S. (X tonnes) were the main suppliers of hop imports to China, with a combined X% share of total imports. These countries were followed by Slovenia, which accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and the U.S. ($X) constituted the largest hop suppliers to China, with a combined X% share of total imports. Slovenia lagged somewhat behind, accounting for a further X the main suppliers, Slovenia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average hop import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. in 2020, the countries with the highest prices were the U.S. ($X per tonne) and the Czech Republic ($X per tonne), while the price for Germany ($X per tonne) and Slovenia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform