Eastern Asia: Beer Market 2024

Beer Market Size in Eastern Asia

The East Asian beer market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption continues to indicate a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Beer Production in Eastern Asia

In value terms, beer production dropped modestly to $X in 2022 estimated in export price. In general, production showed a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 5.7% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Beer Exports

Exports in Eastern Asia

In 2022, overseas shipments of beer increased by 14% to X tons, rising for the second year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.0% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 25%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, beer exports surged to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.7% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporter of beer in Eastern Asia, with the volume of exports reaching X tons, which was near 70% of total exports in 2022. South Korea (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%) and Hong Kong SAR (5%).

China was also the fastest-growing in terms of the beer exports, with a CAGR of +7.7% from 2012 to 2022. At the same time, Japan (+7.0%) and Hong Kong SAR (+4.0%) displayed positive paces of growth. By contrast, South Korea (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Japan increased by +13 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest beer supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +8.8%. In the other countries, the average annual rates were as follows: Japan (+3.8% per year) and South Korea (+1.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 1.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 7.6%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced more modest paces of growth.

Beer Imports

Imports in Eastern Asia

In 2022, supplies from abroad of beer decreased by -2.8% to X tons, falling for the fourth consecutive year after seven years of growth. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, beer imports fell to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the key importer of beer, mixing up 40% of total imports. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together constituting a 51% share of total imports. The following importers - Japan (X tons), Democratic People's Republic of Korea (X tons) and Macao SAR (X tons) - together made up 9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported beer in Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +16.3%. In the other countries, the average annual rates were as follows: South Korea (+11.8% per year) and Taiwan (Chinese) (+3.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.8%. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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