Asia-Pacific: Hop Market 2025

Hop Market Size in Asia-Pacific

In 2022, the Asia-Pacific hop market increased by 3.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Hop Production in Asia-Pacific

In value terms, hop production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 280% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of hop production was China (X tons), accounting for 62% 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 New Zealand (X tons), with a 7% share.

In China, hop production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Democratic People's Republic of Korea (+0.1% per year) and New Zealand (+0.8% per year).

The average hop yield totaled X tons per ha in 2022, remaining constant against the previous year. Overall, the yield, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 2.4% against the previous year. Over the period under review, the hop yield hit record highs 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, the total area harvested in terms of hops production in Asia-Pacific shrank slightly to X ha, flattening at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 1.1%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Hop Exports

Exports in Asia-Pacific

Hop exports skyrocketed to X tons in 2022, jumping by 22% compared with 2021 figures. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 95%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, hop exports reached $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 155% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons) and New Zealand (X tons) prevails in exports structure, together constituting 89% of total exports. Pakistan (X tons), China (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, with a combined 97% share of total exports.

New Zealand, with a CAGR of +38.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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-Pacific amounted to $X per ton, dropping by -14.8% against the previous year. Overall, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 118%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced more modest paces of growth.

Hop Imports

Imports in Asia-Pacific

In 2022, hop imports in Asia-Pacific expanded significantly to X tons, surging by 12% compared with 2021. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +20.3% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 42%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hop imports rose sharply to $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 28%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) and Japan (X tons) represented the key importers of hops in Asia-Pacific, together mixing up 60% of total imports. Australia (X tons) held the next position in the ranking, followed by Vietnam (X tons), India (X tons) and Thailand (X tons). All these countries together took near 28% share of total imports. South Korea (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 66% of total imports.

In terms of the main importing countries, Australia, with a CAGR of +27.7%, 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

The import price in Asia-Pacific stood at $X per ton in 2022, dropping by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2016 when the import price increased by 29% against the previous year. 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 Australia ($X per ton), while India ($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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