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

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

In 2021, after three years of growth, there was decline in the Colombian cider, perry and mead market, when its value decreased by -4.5% to $X. In general, consumption recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

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

In value terms, cider, perry and mead production dropped modestly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Colombia

In 2021, shipments abroad of cider, perry, mead and other fermented beverages increased by 1.5% to X litres for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,828% against the previous year. The exports peaked at X litres in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cider, perry and mead exports shrank modestly to $X in 2021. In general, exports posted mild growth. The growth pace was the most rapid in 2015 with an increase of 1,101%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for cider, perry and mead exports from Colombia, accounting for a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +14.8%.

In value terms, the United States ($X) also remains the key foreign market for cider, perry, mead and other fermented beverages exports from Colombia.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +4.4%.

Export Prices by Country

The average cider, perry and mead export price stood at $X per litre in 2021, with a decrease of -1.9% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum at $X per litre in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -9.1% per year.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Colombia

After two years of growth, overseas purchases of cider, perry, mead and other fermented beverages decreased by -4.6% to X litres in 2021. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 617%. Imports peaked at X litres in 2020, and then dropped in the following year.

In value terms, cider, perry and mead imports declined remarkably to $X in 2021. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 235% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, the Netherlands (X litres) was the main supplier of cider, perry and mead to Colombia, with a 91% share of total imports. Moreover, cider, perry and mead imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X litres), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +102.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.4% per year) and the United States (-20.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cider, perry, mead and other fermented beverages to Colombia, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with a 6.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +98.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.7% per year) and Germany (+18.4% per year).

Import Prices by Country

The average cider, perry and mead import price stood at $X per litre in 2021, declining by -14.7% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 24%. The import price peaked at $X per litre in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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