Market movement
In 2024, hop cones: neither ground nor powdered nor in the form of pellets trade exhibited significant decline, with global flows reaching $50,192,693 and a three-year compound annual growth rate of -13.4% (five-year: -9.2%). The all-time peak of $101,708,479 was recorded in 1995; the current level is 51% below that high-water mark.
Over the 30-year observation window (1995–2024), 38% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-12.9% acceleration).
The World Trade Flows Characterization classifies hop cones: neither ground nor powdered nor in the form of pellets as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.
