The United States and Germany lead the global hop extract market, collectively accounting for the majority of export value. In 2023, the United States saw a marginal growth of 0.072%, while Germany experienced a significant 1.48% increase. Notably, the Czech Republic and Portugal also showed strong growth, at 10.07% and 31.16%, respectively. Conversely, Belgium and Poland faced notable declines in exports, with year-on-year variations of -3.59% and -20.2%. Smaller players like Estonia and Russia exhibited high growth rates of 16.14% and 80.82%, driven by emerging market dynamics.
Future trends to watch include:
- Emerging markets like Russia and China may continue their growth trajectory, expanding their share in the global market.
- Potential partnerships and trade agreements in Europe could impact Belgium and Italy’s export figures positively.
- Innovation in hop extraction processes and sustainability could shape competitive advantages and influence market shifts.
Top countries in Export of Hop Extract by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 174,330,000 | 2023 | +1.88% | +0.072% | View data |
| 2 | 2 Germany | 161,080,000 | 2023 | +2.04% | +1.48% | View data |
| 3 | 3 United Kingdom | 33,896,000 | 2023 | -1.23% | -0.99% | View data |
| 4 | 4 Belgium | 11,732,000 | 2023 | -0.18% | -3.59% | View data |
| 5 | 5 China | 5,202,900 | 2023 | +5.52% | +2.67% | View data |
| 6 | 6 France | 3,300,800 | 2023 | +2.96% | +6.18% | View data |
| 7 | 7 Denmark | 2,610,300 | 2023 | +4.32% | +1.49% | View data |
| 8 | 8 New Zealand | 1,617,700 | 2023 | -0.71% | -2.63% | View data |
| 9 | 9 Italy | 1,552,800 | 2023 | +2.81% | +5.11% | View data |
| 10 | 10 Brazil | 558,090 | 2023 | +0.25% | -0.38% | View data |
