Argentina: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in Argentina

In 2021, the Argentinian cider, perry and mead market increased by 2.8% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Cider, Perry, Mead And Other Fermented Beverages in Argentina

In value terms, cider, perry and mead production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Argentina

In 2021, exports of cider, perry, mead and other fermented beverages from Argentina declined notably to X litres, reducing by -61.8% compared with 2020 figures. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of 149% against the previous year. Over the period under review, the exports attained the maximum at X litres in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, cider, perry and mead exports contracted notably to $X in 2021. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 159% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X litres) was the main destination for cider, perry and mead exports from Argentina, accounting for a 76% share of total exports. Moreover, cider, perry and mead exports to Paraguay exceeded the volume sent to the second major destination, Chile (X litres), tenfold. The third position in this ranking was held by Bolivia (X litres), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-13.5% per year) and Bolivia (-23.0% per year).

In value terms, Paraguay ($X) remains the key foreign market for cider, perry, mead and other fermented beverages exports from Argentina, comprising 70% of total exports. The second position in the ranking was taken by Chile ($X), with an 11% share of total exports. It was followed by Bolivia, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-13.8% per year) and Bolivia (-25.7% per year).

Export Prices by Country

The average cider, perry and mead export price stood at $X per litre in 2021, rising by 45% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The export price peaked at $X per litre in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Bolivia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Argentina

In 2021, overseas purchases of cider, perry, mead and other fermented beverages decreased by -18.1% to X litres, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 193% against the previous year. As a result, imports reached the peak of X litres. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cider, perry and mead imports dropped to $X in 2021. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 176%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X litres), South Korea (X litres) and Germany (X litres) were the main suppliers of cider, perry and mead imports to Argentina, with a combined 47% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +71.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cider, perry and mead suppliers to Argentina were China ($X), Japan ($X) and Germany ($X), together accounting for 49% of total imports.

Germany, with a CAGR of +43.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cider, perry and mead import price stood at $X per litre in 2021, picking up by 5.9% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cider, perry and mead import price increased by +35.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 40%. As a result, import price reached the peak level of $X per litre. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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