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The craft beer sector in China has grown significantly, driven by economic development and shifting consumer preferences. U.S. agricultural products, such as malt, hops, and yeast, are essential to this growth because of their superior quality and diverse varieties.

Over the last five years, Hong Kong’s global imports of hops expanded 42 percent, growing 10 percent to $7.2 million in 2021. The United States continues as the leading supplier enjoying 96 percent market share. Hong Kong re-exported 72 percent of its hop imports to other markets in the region, retaining 28 percent for local breweries.