In 2023, Germany and the United States led global hop cone exports, with values reaching $328.79 million and $237.11 million, respectively. The expansion in countries like Poland and Italy, evidenced by their double-digit yearly growth rates of 15.18% and 12.43%, marked significant trends. On the contrary, China's exports saw a dramatic decline of 61.27%, while countries like Egypt and South Korea witnessed substantial upswings of 653.72% and 70.0%, respectively. The overall market displayed variations, where developed countries generally exhibited moderate growth while emerging markets showed either rapid growth or significant contractions.
Future trends to watch include:
- Continuous growth in established markets like Germany and the US, potentially influenced by increasing craft beer demand globally.
- Emerging markets adjusting to global demand shifts, with potential for disruptions and expansions in less traditionally strong markets, evidenced by Egypt and South Korea's recent trends.
- Potential impact of climate change on hop production, which could alter the landscape of global hop exports in favor of more stable climates.
Top countries in Export of Hop Cones by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 328,790,000 | 2023 | +2.78% | +2.36% | View data |
| 2 | 2 United States | 237,110,000 | 2023 | +4.42% | +4.26% | View data |
| 3 | 3 Czech Republic | 54,783,000 | 2023 | +1.49% | -0.77% | View data |
| 4 | 4 Belgium | 45,878,000 | 2023 | +5.7% | +3.96% | View data |
| 5 | 5 Slovenia | 35,305,000 | 2023 | +3.67% | +2.94% | View data |
| 6 | 6 United Kingdom | 31,704,000 | 2023 | +3.67% | +3.4% | View data |
| 7 | 7 Australia | 24,979,000 | 2023 | +4.47% | +4.54% | View data |
| 8 | 8 Poland | 12,339,000 | 2023 | +3.84% | +15.18% | View data |
| 9 | 9 Bulgaria | 4,432,100 | 2023 | +3.78% | +2.19% | View data |
| 10 | 10 South Africa | 3,043,800 | 2023 | +4.32% | +1.44% | View data |
