Asian Hop Market Sees Mixed Trends in 2024
The Asian hop market experienced a mixed bag of trends in 2024. While production and consumption increased, exports and imports showed varied patterns.
Hop production in Asia surged to $X in 2024, with China leading the way, producing X tons. Meanwhile, the total consumption of hops increased at an average annual rate of X% from 2012 to 2024.
However, exports in Asia decreased by X% to X tons, marking the second consecutive year of decline after two years of growth. The export price also increased by X% to $X per ton. Imports, on the other hand, expanded slightly to X tons, with an increase of X% against the previous year. The import price in Asia amounted to $X per ton, rising by X% from the previous year.
The Asian hop market as a whole stood at $X in 2024, increasing by X% against the previous year.
Despite the fluctuations in exports and imports, the Asian hop market demonstrated overall growth in 2024, with increased production and consumption. The export and import prices also saw notable increases. However, the lack of data regarding the five largest hop importers in Asia in 2024 leaves room for further analysis.
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