Japan: Hop Market 2023

Hop Market Size in Japan

The Japanese hop market shrank to $X in 2021, falling by -3.7% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then declined modestly in the following year.

Hop Production in Japan

In value terms, hop production fell to $X in 2021 estimated in export price. Overall, production posted resilient growth. The growth pace was the most rapid in 2013 when the production volume increased by 90%. Hop production peaked at $X in 2020, and then dropped modestly in the following year.

The average yield of hops in Japan stood at X tons per ha in 2021, flattening at 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 1.5% against the previous year. Over the period under review, the average hop yield attained the peak level in 2021 and is likely to see gradual 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 2021, approx. X ha of hops were harvested in Japan; almost unchanged from the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 2.2%. Over the period under review, the harvested area dedicated to hop production reached the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Hop Exports

Exports from Japan

In 2021, approx. X kg of hops were exported from Japan; jumping by 35% compared with the previous year. Overall, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 142%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, hop exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 87%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India (X kg) was the main destination for hop exports from Japan, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled -15.7%.

In value terms, India ($X) also remains the key foreign market for hop exports from Japan.

From 2012 to 2021, the average annual growth rate of value to India amounted to -14.4%.

Export Prices by Country

The average hop export price stood at $X per ton in 2021, with an increase of 14% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 106%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +1.6% per year.

Hop Imports

Imports into Japan

Hop imports into Japan fell sharply to X tons in 2021, dropping by -15.4% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 47%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, hop imports shrank to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.7% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 50%. Over the period under review, imports attained the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hop to Japan, with a 63% share of total imports. Moreover, hop imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-3.4% per year) and the United States (-1.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hop to Japan, comprising 53% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 24% share of total imports. It was followed by the United States, with a 20% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-2.4% per year) and the United States (+4.7% per year).

Import Prices by Country

In 2021, the average hop import price amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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