
China - Hops - Market Analysis, Forecast, Size, Trends and Insights
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China: Hop Market Overview 2021
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Hop Market Size in China
The Chinese hop market declined slightly to $X in 2019, waning by -X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the market value increased by X% against the previous year. Hop consumption peaked at $X in 2018, and then fell in the following year.
Hop Production in China
In value terms, hop production shrank to $X in 2019 estimated in export prices. Overall, production showed a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.
In 2019, the average hop yield in China stood at X tonnes per ha, approximately equating 2018 figures. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% year-to-year. The hop yield peaked in 2019 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the harvested area of hops in China contracted to X ha, with a decrease of -X% on the previous year's figure. Over the period under review, the harvested area showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. 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 2019, the harvested area stood at a somewhat lower figure.
Hop Exports
Exports from China
In 2019, the amount of hops exported from China surged to X tonnes, rising by X% on 2018 figures. Overall, exports posted a measured increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.
In value terms, hop exports surged to $X in 2019. In general, exports posted measured growth. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.
Exports by Country
Brazil (X tonnes), Cameroon (X tonnes) and India (X tonnes) were the main destinations of hop exports from China, together comprising X% of total exports.
From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (+X% per year), while exports for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($X), Cameroon ($X) and India ($X) constituted the largest markets for hop exported from China worldwide, with a combined X% share of total exports.
Among the main countries of destination, Cameroon (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average hop export price stood at $X per tonne in 2019, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.
Prices varied noticeably by the country of destination; the country with the highest price was Cameroon ($X per tonne), while the average price for exports to Latvia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.
Hop Imports
Imports into China
For the fourth year in a row, China recorded growth in overseas purchases of hops, which increased by X% to X tonnes in 2019. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in the near future.
In value terms, hop imports totaled $X in 2019. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to see gradual growth in the near future.
Imports by Country
In 2019, Germany (X tonnes) constituted the largest supplier of hop to China, with a X% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tonnes), twofold. Slovenia (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2019, the average annual growth rate of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Slovenia (+X% per year).
In value terms, the largest hop suppliers to China were Germany ($X), the Czech Republic ($X) and the U.S. ($X), with a combined X% share of total imports. Slovenia lagged somewhat behind, comprising a further X terms of 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 2019, the average hop import price amounted to $X per tonne, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.
From 2007 to 2019, 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 AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for hops in the world?+
The countries with the highest volumes of hop consumption in 2019 were the U.S. (43K tonnes), Ethiopia (39K tonnes) and Germany (14K tonnes), with a combined 62% share of global consumption. China, Italy, Japan, Russia, Canada, Brazil and the UK lagged somewhat behind, together accounting for a further 21%.
What are the largest producers of hops in the world?+
The countries with the highest volumes of hop production in 2019 were the U.S. (51K tonnes), Ethiopia (39K tonnes) and Germany (33K tonnes), together comprising 79% of global production.
What are the leading suppliers of hops to China?+
In value terms, Germany ($25M), the Czech Republic ($16M) and the U.S. ($4.4M) were the largest hop suppliers to China, together accounting for 92% of total imports. These countries were followed by Slovenia, which accounted for a further 6.6%.
What are the leading importers of hops from China?+
In value terms, Brazil ($204K), Cameroon ($160K) and India ($78K) appeared to be the largest markets for hop exported from China worldwide, with a combined 62% share of total exports.
What is the average export price for hops in China?+
The average hop export price stood at $4,976 per tonne in 2019, standing approx. at the previous year.
What is the average import price for hops in China?+
The average hop import price stood at $10,303 per tonne in 2019, almost unchanged from the previous year.
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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