Asia: Hop Market 2025

Hop Market Size in Asia

The Asian hop market reached $X in 2022, increasing by 4% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hop Production in Asia

In value terms, hop production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 382% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of hop production, accounting for 64% of total volume. Moreover, hop production in China exceeded the figures recorded by the second-largest producer, Democratic People's Republic of Korea (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.4% share.

In China, hop production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Democratic People's Republic of Korea (+0.1% per year) and the United Arab Emirates (+1.0% per year).

The average hop yield was estimated at X tons per ha in 2022, approximately reflecting 2021. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 3.6% against the previous year. Over the period under review, the hop yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of hops were harvested in Asia; remaining stable against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 1.5%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Hop Exports

Exports in Asia

In 2022, shipments abroad of hops increased by 75% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 109%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hop exports soared to $X in 2022. In general, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons), distantly followed by Pakistan (X tons), China (X tons), Hong Kong SAR (X tons) and Kazakhstan (X tons) were the key exporters of hops, together achieving 88% of total exports. Singapore (X tons) and India (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +103.9%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Turkey ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 74% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of +116.3%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Asia amounted to $X per ton, with an increase of 30% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 101% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the other leaders experienced more modest paces of growth.

Hop Imports

Imports in Asia

In 2022, approx. X tons of hops were imported in Asia; increasing by 9.2% compared with the year before. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, hop imports expanded remarkably to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value 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, imports increased by +99.0% against 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) and Japan (X tons) were the key importers of hops in Asia, together resulting at near 65% of total imports. Vietnam (X tons) took an 8.4% share (based on physical terms) of total imports, which put it in second place, followed by India (6%) and Thailand (5.5%). South Korea (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hop importing markets in Asia were China ($X), Japan ($X) and Vietnam ($X), with a combined 71% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +21.7%, recorded the highest growth rate of 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 2022, the import price in Asia amounted to $X per ton, declining by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 when the import price increased by 28%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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