Hop cones: ground, powdered or in the form of pellets: lupulin

In 2024, hop cones: ground, powdered or in the form of pellets: lupulin trade exhibited modest growth, with global flows reaching $671,041,583 and a three-year compound annual growth rate of -2.6% (five-year: +2.8%). The all-time peak of $743,878,877 was recorded in 2022; the current level is 10% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-10.0% acceleration).

The World Trade Flows Characterization classifies hop cones: ground, powdered or in the form of pellets: lupulin as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.295). The three largest exporters — Germany ($265.1M), United States ($242.6M), and Czechia ($52.9M) — collectively dominate supply flows. The leading exporter has grown at -3.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.049). The three largest import markets are Belgium ($67.9M), China ($55.1M), and United Kingdom ($49.4M). The largest importing market sources from 19 different supplying countries.

The dominant trade corridor is United States → Belgium at $52.6M, representing 77.5% of the importer's total demand.

The volatility score for hop cones: ground, powdered or in the form of pellets: lupulin is 6 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.