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

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

In 2021, the Asian cider, perry and mead market decreased by -13.5% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

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

In value terms, cider, perry and mead production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports in Asia

In 2021, overseas shipments of cider, perry, mead and other fermented beverages increased by 2.6% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 4.6%. As a result, the exports reached the peak of X litres. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cider, perry and mead exports surged to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Korea (X litres) was the major exporter of cider, perry, mead and other fermented beverages, constituting 45% of total exports. Japan (X litres) held the second position in the ranking, distantly followed by China (X litres) and Vietnam (X litres). All these countries together took approx. 42% share of total exports. Armenia (X litres), Thailand (X litres) and Singapore (X litres) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest cider, perry and mead supplier in Asia, comprising 70% of total exports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total exports. It was followed by China, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to +13.9%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-12.7% per year) and China (-0.5% per year).

Export Prices by Country

The export price in Asia stood at $X per litre in 2021, with an increase of 32% against the previous year. Overall, the export price recorded prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per litre), while South Korea ($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 (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports in Asia

In 2021, overseas purchases of cider, perry, mead and other fermented beverages increased by 1.9% to X litres, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 4.9% against the previous year. The volume of import peaked at X litres in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cider, perry and mead imports soared to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Japan was the main importing country with an import of about X litres, which amounted to 42% of total imports. South Korea (X litres) ranks second in terms of the total imports with an 18% share, followed by China (12%) and Hong Kong SAR (7.8%). Thailand (X litres), Taiwan (Chinese) (X litres) and Israel (X litres) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cider, perry and mead imports into Japan stood at -12.5%. At the same time, China (+24.2%), Israel (+24.1%), South Korea (+20.5%), Thailand (+12.3%), Taiwan (Chinese) (+9.8%) and Hong Kong SAR (+6.9%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +24.2% from 2012-2021. From 2012 to 2021, the share of South Korea, China, Hong Kong SAR, Thailand, Taiwan (Chinese) and Israel increased by +16, +11, +5.1, +3, +2.4 and +1.8 percentage points, respectively.

In value terms, the largest cider, perry and mead importing markets in Asia were China ($X), Hong Kong SAR ($X) and Japan ($X), with a combined 65% share of total imports.

In terms of the main importing countries, China, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per litre in 2021, picking up by 15% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the import price increased by 24% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per litre), while Japan ($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 (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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