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Pricing

Hop cones, fresh or dried, whether or not ground, powdered or in the form of pellets; lupulin

1210 (Harmonized System 1992 for 4-digit)

2022
World Trade $817MRnk 976 / 1218
2022
Top Exporter | Top Importer $298M | $81.7MUnited States | Germany
2022
Product Complexity 0.31Rnk 461 / 1033
2021 - 2022
Export Growth (CAGR) -0.99%Rnk 908 / 1218
2022
Share of World Trade 0.0035%Rnk 976 / 1218

About

Overview This page contains the latest trade data of Hops. In 2022, Hops were the world's 976th most traded product, with a total trade of $817M. Between 2021 and 2022 the exports of Hops decreased by -0.99%, from $826M to $817M. Trade in Hops represent 0.0035% of total world trade.

Hops are a part of Oils seeds, oleaginous fruits, grains, straw & fodder. They include Hop cones, ground, powdered or pelleted and lupulin and Hop cones, not ground, powdered or pelleted.

Exports In 2022 the top exporters of Hops  were United States ($298M), Germany ($284M), Czechia ($63.1M), New Zealand ($34.8M), and Belgium ($33.5M).

Imports In 2022 the top importers of Hops were Germany ($81.7M), United Kingdom ($78.3M), United States ($67.1M), Belgium ($57.3M), and China ($55.2M).

Ranking Hops ranks 461st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hops. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$298M
Top Destination (2022)Germany$81.7M

In 2022 Hops were the world's 976th most traded product (out of 1,218).

In 2022, the top exporters of Hops were United States ($298M), Germany ($284M), Czechia ($63.1M), New Zealand ($34.8M), and Belgium ($33.5M).

In 2022, the top importers of Hops were Germany ($81.7M), United Kingdom ($78.3M), United States ($67.1M), Belgium ($57.3M), and China ($55.2M).

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Exporters of Hops (2022)
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Importers of Hops (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$22.6M
Top Destination Growth (2021 -  2022)United Kingdom$21.1M

Between 2021 and 2022, the exports of Hops grew the fastest in United States ($22.6M), New Zealand ($9.76M), France ($5.87M), Canada ($3.84M), and Belgium ($3.48M).

Between 2021 and 2022, the fastest growing importers of Hops were United Kingdom ($21.1M), Mexico ($5.53M), Japan ($5.05M), India ($3.34M), and New Zealand ($3.17M).

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Exporters of Hops (2021 - 2022)

Importers of Hops (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hops.

In 2022, market concentration measured using Shannon Entropy, was 2.56. This means that most of the exports of Hops are explained by 5 countries.

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Value of Exports in Hops

Net Trade

TOP NET EXPORTER (2022)United States$231M
TOP NET IMPORTER (2022)United Kingdom$68.2M

This map shows which countries export or import more of Hops. Each country is colored based on the difference in exports and imports of Hops during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hops were United States ($231M), Germany ($202M), Czechia ($53M), New Zealand ($23.7M), and Slovenia ($13M).

In 2022, the countries that had a largest trade value in imports than in exports of Hops were United Kingdom ($68.2M), China ($54.5M), Japan ($50.3M), Canada ($45.2M), and Russia ($39.9M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Hops, disaggragated by their HS6 level were Hop cones, ground, powdered or pelleted... ($757M) and Hop cones, not ground, powdered or... ($60.1M)

HS6 Disaggregation for Hops (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hops.
It is possible to select the main countries that export or import Hops in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hops by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.81M
TOP IMPORT POTENTIALCzechia+ $830k

Hops’s highest export potential is China. With an export gap of $1.81M.  Hops’s highest import potential is Czechia with an import gap of $830k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Country by Relatedness

The following visualization shows the relatedness of Hops to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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