Japan - Hops - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHop Price in Japan - 2023
Contents:
- Hop Price in Japan (CIF) - 2023
- Hop Price in Japan (FOB) - 2022
- Hop Imports in Japan
- Hop Exports in Japan
Hop Price in Japan (CIF) - 2023
In September 2023, the average hop import price amounted to $17,966 per ton, picking up by 14% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 100% m-o-m. As a result, import price attained the peak level of $19,983 per ton. From August 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($31,322 per ton), while the price for Germany ($13,510 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Hop Price in Japan (FOB) - 2022
In 2022, the average hop export price amounted to $948,833 per ton, which is down by -3.6% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2021 an increase of 9.3% against the previous year. As a result, the export price reached the peak level of $983,857 per ton, and then contracted slightly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($2,575,000 per ton), while the average price for exports to Hong Kong SAR ($26,000 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+364.2%), while the prices for the other major destinations experienced more modest paces of growth.
Hop Imports in Japan
Hop imports into Japan totaled 4.2K tons in 2022, increasing by 9.8% on the previous year. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. As a result, imports reached the peak of 4.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, hop imports totaled $48M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. As a result, imports reached the peak of $50M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Hop in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.4 | 16.6 | 14.5 | 24.1 | 28.3% |
| Czech Republic | 4.3 | 6.1 | 6.5 | 12.7 | 43.5% |
| United States | 5.0 | 5.0 | 5.4 | 9.2 | 22.5% |
| Others | 16.4 | 22.7 | 21.2 | 2.0 | -50.4% |
| Total | 37.1 | 50.5 | 47.6 | 48.0 | 9.0% |
Top Suppliers of Hop to Japan in 2022:
- Germany (2.6K tons)
- Czech Republic (1.0K tons)
- United States (0.4K tons)
Hop Exports in Japan
In 2022, after two years of growth, there was significant decline in overseas shipments of hops, when their volume decreased by -14.3% to 6 kg. The total export volume increased at an average annual rate of +9.5% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 7 kg, and then contracted in the following year.
In value terms, hop exports declined notably to $5.7K in 2022. Overall, total exports indicated a remarkable increase from 2020 to 2022: its value increased at an average annual rate of +12.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports attained the peak of $6.9K, and then reduced markedly in the following year.
| Export of Hop in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 2.7 | 3.1 | 2.6 | -1.9% | |
| Taiwan (Chinese) | 1.7 | 2.1 | 1.9 | 5.7% | |
| Ireland | N/A | N/A | 0.6 | 0% | |
| Hong Kong SAR | N/A | N/A | N/A | 0% | |
| South Korea | N/A | N/A | N/A | 0% | |
| Germany | N/A | N/A | N/A | 0% | |
| China | N/A | 1.2 | N/A | 0% | |
| Canada | N/A | 0.3 | N/A | 0% | |
| Others | N/A | N/A | 0.6 | 0% | |
| Total | 4.5 | 6.9 | 5.7 | 12.5% | |
Top Export Markets for Hop from Japan in 2022:
- Taiwan (Chinese) (1.0 kg)
- India (1.0 kg)
- Germany (1.0 kg)
- Ireland (1.0 kg)
- Hong Kong SAR (1.0 kg)
This report provides an in-depth analysis of the hop market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 677 - Hops
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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