Belgium's Hop Industry Bounces Back in 2024 Despite Export Dip
Belgium's hop industry has seen significant shifts in 2024. Production surged to $X, with a consistent growth rate of X% over the past twelve years. Meanwhile, exports and imports both experienced notable changes.
Belgium harvested approximately X ha of hops in 2024, a X% reduction from the previous year. Despite this, the hop market rebounded to $X after two years of decline. However, exports decreased by X% to X tons, snapping a two-year growth streak.
The United States and France were key players in Belgium's hop trade. The U.S. supplied X% of Belgium's hop imports, while France took X% of its exports. Despite the decrease in exports, their value reached $X, indicating overall expansion.
Belgian farmers achieved an average yield of X tons per ha in 2024, a X% increase from 2023. This boost in productivity, coupled with increased consumption, suggests a positive outlook for the industry.
In terms of trade, Belgium's main partners for hop exports were Germany, the Netherlands, and France, with export prices averaging $4,000-$5,000 per tonne. Major import partners included the United States, Czech Republic, and Germany, with import prices ranging between $3,500 and $4,500 per tonne.
Despite the decrease in imports, which fell by X% to X tons, hop consumption in Belgium showed a remarkable increase and is expected to continue growing.
In summary, while Belgium's hop exports and imports saw fluctuations in 2024, production and consumption remained strong. The industry's resilience and potential for growth are evident, with key trading partners and increased domestic consumption driving the market.
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