Eastern Asia: Hop Market 2025

Hop Market Size in Eastern Asia

The East Asian hop market fell to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hop Production in Eastern Asia

In value terms, hop production skyrocketed to $X in 2022 estimated in export price. In general, production posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 410%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of hop production, comprising approx. 74% 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.

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 Japan (-0.2% per year).

The average hop yield amounted to X tons per ha in 2022, remaining stable against the year before. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 2.6%. The level of yield peaked at X tons per ha in 2012; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hop harvested area shrank to X ha in 2022, approximately mirroring 2021. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 1.5% against the previous year. Over the period under review, the harvested area dedicated to hop production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Hop Exports

Exports in Eastern Asia

In 2022, overseas shipments of hops increased by 68% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw strong growth. The growth pace was the most rapid in 2015 when exports increased by 108%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hop exports surged to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) dominates exports structure, together generating 92% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), generating a 6.6% 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 Hong Kong SAR (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the largest hop supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by China ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR stood at +35.6%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+20.6% per year) and Taiwan (Chinese) (+18.6% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 139% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Taiwan (Chinese) ($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 mixed trends in the export price figures.

Hop Imports

Imports in Eastern Asia

In 2022, hop imports in Eastern Asia rose significantly to X tons, growing by 5.4% on the previous year. Total imports indicated moderate growth 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 -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, hop imports contracted slightly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 29%. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

China (X tons) and Japan (X tons) prevails in imports structure, together comprising 94% of total imports. It was distantly followed by South Korea (X tons), creating a 4.5% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hop importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 97% share of total imports.

China, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Eastern Asia amounted to $X per ton, declining by -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 32%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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