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

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

In 2021, after three years of growth, there was significant decline in the Asia-Pacific cider, perry and mead market, when its value decreased by -7.2% to $X. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

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

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 +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 attained the peak level of $X, and then reduced in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports in Asia-Pacific

In 2021, cider, perry and mead exports in Asia-Pacific declined slightly to X litres, approximately equating 2020. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 5.3%. Over the period under review, the exports attained the maximum at X litres in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cider, perry and mead exports soared to $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Korea (X litres) represented the key exporter of cider, perry, mead and other fermented beverages, achieving 43% of total exports. Japan (X litres) took the second position in the ranking, distantly followed by China (X litres), Vietnam (X litres) and Australia (X litres). All these countries together held approx. 46% share of total exports. The following exporters - New Zealand (X litres) and Thailand (X litres) - each amounted to a 5.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest cider, perry and mead supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was held by South Korea ($X), with a 10% share of total exports. It was followed by China, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at +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

In 2021, the export price in Asia-Pacific amounted to $X per litre, surging by 34% against the previous year. In general, the export price recorded a strong increase. 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-Pacific

In 2021, the amount of cider, perry, mead and other fermented beverages imported in Asia-Pacific shrank to X litres, with a decrease of -5.5% compared with the previous year's figure. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure at X litres in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, cider, perry and mead imports rose sharply to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, Japan (X litres) represented the main importer of cider, perry, mead and other fermented beverages, mixing up 40% of total imports. South Korea (X litres) took the second position in the ranking, followed by China (X litres), Australia (X litres) and Hong Kong SAR (X litres). All these countries together took approx. 46% share of total imports. The following importers - Thailand (X litres), Taiwan (Chinese) (X litres) and New Zealand (X litres) - together made up 8.6% 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, New Zealand (+37.0%), China (+24.2%), South Korea (+20.5%), Thailand (+12.3%), Taiwan (Chinese) (+9.8%) and Hong Kong SAR (+6.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +37.0% from 2012-2021. By contrast, Australia (-7.1%) illustrated a downward trend over the same period. South Korea (+16 p.p.), China (+11 p.p.), Hong Kong SAR (+5.1 p.p.), Thailand (+3 p.p.), Taiwan (Chinese) (+2.3 p.p.) and New Zealand (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -39.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cider, perry and mead importing markets in Asia-Pacific were China ($X), Hong Kong SAR ($X) and Japan ($X), with a combined 63% share of total imports.

Among the main importing countries, China, with a CAGR of +32.1%, saw the highest growth rate of 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

In 2021, the import price in Asia-Pacific amounted to $X per litre, growing by 22% against the previous year. In general, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

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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