Market research

Hop cones and lupulin market in Americas

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Americas" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The market volume for hop cones and lupulin in the Americas showed notable variability from 2018 to 2023. Starting at 54 167 tons in 2018, it grew to 56 196 tons in 2019 before contracting to 52 747 tons in 2020. A sharp increase followed in 2021, pushing the market to a peak of 58 880 tons. This expansion was reversed in 2022, with volume falling to 53 650 tons, before a moderate recovery to 56 211 tons in 2023.

Domestic production mirrored these swings, declining to 47 573 tons in 2020 then surging to 52 939 tons in 2021. Concurrently, import volumes rose steadily from 5 253 tons in 2018 to 8 648 tons in 2023, providing additional supply to the market throughout the period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Americas
  1. 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production hop cones and lupulin in Americas

In kind, 2017-2020, t

Top producers of hop cones and lupulin, 2017-2020

Source: SHEV.io

World map of production of hop cones and lupulin, 2017-2020

Source: SHEV.io

After two consecutive years of growth, hop cones and lupulin production in the Americas declined. In 2020, production reached 47 573 tonnes, marking a 7.3% decrease from the previous year. The peak was recorded in 2019 at 51 301 tonnes, which also saw the largest annual increase of 4.8%.

Annual dynamics of production in Americas in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	4.8%	(7.3%)	(0.6%)

Source: SHEV.io

Exports hop cones and lupulin from Americas

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Exports hit their lowest point in 2018 at 56 tonnes and peaked in 2017, with a 2.8-fold difference between these years. In 2020, foreign hop cones and lupulin supplies from the Americas amounted to 143 tonnes, representing a strong increase of 19.4% compared to 2019. The largest decline occurred in 2018 at 64.9%, while the largest increase was recorded in 2019 at 114.3%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(64.9%)	114.3%	19.4%	(3.5%)

Source: SHEV.io

From 2017 to 2020, Russia, Latvia, and Czechia were the top buyers of hop cones and lupulin from the Americas, accounting for 9.5%, 9.4%, and 6.3% of exports in kind, respectively. However, their combined share was only 25.2% of total exports, indicating a diversified country structure.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The market displayed an unstable trend throughout the period. Exports reached their lowest point in 2018 at 0.7 million US dollars and peaked in 2019 at 1.7 million US dollars, with a 2.3-fold gap between these years. In 2020, the Americas' volume of hop cones and lupulin exports amounted to 1.2 million US dollars, reflecting a sharp decline of 28.7% from the prior year. The largest decline was recorded in 2018 at 46.1%, while the largest increase occurred in 2019 at 129.2%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(46.1%)	129.2%	(28.7%)	(4.2%)

Source: SHEV.io

From 2017 to 2020, the country breakdown of exports in value terms was scattered. Russia, Latvia, and Czechia accounted for 3.7%, 3.5%, and 2.3% of exports in value terms, respectively, totaling just 9.6% of total flows, with no single partner emerging as clearly dominant.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in value, 2017-2020

Source: SHEV.io

Imports hop cones and lupulin to Americas

Imports in kind, t

After a two-year decline, foreign hop cones and lupulin supplies to the Americas increased. In 2020, imports amounted to 5 317 tonnes, which is 6.0% higher than in 2019. Over the 2017-2020 period, imports decreased by 10%, with a compound annual growth rate of 3.5%. The lowest value was recorded in 2019 at 5 015 tonnes, and the largest decline occurred in 2018 at 11.1%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.1%)	(4.5%)	6.0%	(3.5%)

Source: SHEV.io

The partner structure of imports in kind from 2017 to 2020 was fragmented. Germany, Czechia, and Australia accounted for 40.8%, 1.8%, and 1.4% of imports in kind, respectively, together making up only 44.0% of total flows, with no single country holding a dominant share.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After two years of growth, hop cones and lupulin imports to the Americas declined. In 2020, imports totaled 114.6 million US dollars, equivalent to a moderate reduction of 4.2% compared to 2019. Over the 2017-2020 period, imports increased by 44.5%, with a compound annual growth rate of 13.1%. The peak was recorded in 2019 at 119.6 million US dollars, and the largest increase occurred in 2018 at 32.5%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.5%	13.9%	(4.2%)	13.1%

Source: SHEV.io

From 2017 to 2020, the partner portfolio for imports in value terms of hop cones and lupulin to the Americas was quite broad. Germany, Czechia, and Australia accounted for 30.8%, 3.0%, and 2.0% of imports in value terms, respectively, together representing only 35.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in value, 2017-2020

Source: SHEV.io