Mexico’s Fermented Beverage Exports to the U.S. Skyrocket

IndexBox has just published a new report: ‘U.S. – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American imports of fermented beverages, such as cider, perry and mead, recorded a twofold increase last year. In 2020, the U.S. imported 243M litres of fermented beverages worth $514M. Mexico sharply increased exports to the U.S., topping the supplier country ranking. Canada and Spain followed Mexico, also ramping up exports significantly. The U.S.’s average fermented beverage import price recorded an 11%-slump, amounting to $2.1 per litre.

American Fermented Beverage Imports

In 2020, the amount of cider, perry, mead and other fermented beverages imported into the U.S. soared to 243M litres, increasing twofold compared with 2019. In value terms, cider, perry and mead imports skyrocketed from $284M in 2019 to $514M (IndexBox estimates) in 2020.

Mexico (108M litres), Canada (56M litres) and Spain (15M litres) were the leading suppliers of cider, perry and mead imports to the U.S., with a combined 74% share of total imports.

Last year, the most notable rate of growth in terms of purchases amongst the leading suppliers was attained by Mexico. Mexican fermented beverage supplies to the U.S. increased from 1.5M litres in 2019 to 108M litres in 2020. Canada (+5.6% y-o-y) and Spain (+14.3% y-o-y) also recorded positive paces of export growth.

In value terms, Mexico ($222M) constituted the largest supplier of cider, perry and mead to the U.S., comprising 43% of total imports. The second position in the ranking was occupied by Canada ($106M), with a 21% share of total imports, and it was followed by Japan, with an 11% share.

In 2020, the average fermented beverage import price amounted to $2.1 per litre, shrinking by -11% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($9.3 per litre), while the price for fermented beverages imported from the Netherlands ($0.9 per litre) was amongst the lowest. In 2020, the UK attained the most notable growth rate in terms of prices, while the prices for the other significant supplying countries experienced more modest paces of growth.

Source: IndexBox Platform