Forecast: Import of Hop Cones to Germany

In 2023, the import of hop cones to Germany was valued at approximately 89.6 million US dollars. The forecasted data for 2024 to 2028 suggests a steady increase, reaching 102.08 million US dollars by 2028. The year-on-year growth percentage indicates a consistent upward trend, with the compound annual growth rate (CAGR) over the five-year period standing at approximately 2.6%. This indicates a healthy demand for hop cones in Germany, likely driven by the growing craft beer industry.

Future trends to watch for include:

  • Potential impacts of climate change on hop production and supply.
  • Shifts in consumer preferences towards organic or locally-sourced hop varieties.
  • Trade policy changes affecting import tariffs and costs.

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