In 2023, the United States led the global export market for hop extract by value, followed closely by Germany. The United Kingdom and Belgium held smaller shares, while China's export increased notably. France and Italy showed significant growth, unlike the UK and Belgium, which saw declines. Eastern European countries such as Poland experienced significant contractions, except the Czech Republic which expanded positively.
Looking to the future, Germany and the United States are poised to maintain their dominance. However, emerging markets like Portugal, which saw impressive growth, and Russia, with its recent surge, could play larger roles. Monitoring these market movers will be crucial for anticipating shifts in the hop extract market landscape.
Top countries in Export of Hop Extract Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 43.9 | 2023 | +1.88% | +0.072% | View data |
| 2 | 2 Germany | 40.57 | 2023 | +2.04% | +1.48% | View data |
| 3 | 3 United Kingdom | 8.54 | 2023 | -1.23% | -0.99% | View data |
| 4 | 4 Belgium | 2.95 | 2023 | -0.18% | -3.59% | View data |
| 5 | 5 China | 1.31 | 2023 | +5.52% | +2.67% | View data |
| 6 | 6 France | 0.83 | 2023 | +2.96% | +6.18% | View data |
| 7 | 7 Denmark | 0.66 | 2023 | +4.32% | +1.49% | View data |
| 8 | 8 New Zealand | 0.41 | 2023 | -0.71% | -2.63% | View data |
| 9 | 9 Italy | 0.39 | 2023 | +2.81% | +5.11% | View data |
| 10 | 10 Brazil | 0.14 | 2023 | +0.25% | -0.38% | View data |
