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

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

The GCC cider, perry and mead market dropped significantly to $X in 2021, with a decrease of -15.9% against the previous year. Over the period under review, consumption, however, recorded slight growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

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

In value terms, cider, perry and mead production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a slight decrease. The growth pace was the most rapid in 2014 when the production volume increased by 129% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports in GCC

In 2021, shipments abroad of cider, perry, mead and other fermented beverages decreased by -20.8% to X litres, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 245% against the previous year. 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 dropped remarkably to $X in 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X litres) was the largest exporter of cider, perry, mead and other fermented beverages, mixing up 89% of total exports. It was distantly followed by Saudi Arabia (X litres), mixing up an 11% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cider, perry and mead exports from the United Arab Emirates stood at -5.5%. At the same time, Saudi Arabia (+9.2%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +9.2% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia increased by +8 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest cider, perry and mead supplier in GCC, comprising 87% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -13.8%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per litre, which is down by -1.6% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 30%. The level of export peaked at $X per litre in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per litre), while the United Arab Emirates totaled $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-8.8%).

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports in GCC

In 2021, purchases abroad of cider, perry, mead and other fermented beverages was finally on the rise to reach X litres for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cider, perry and mead imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X litres, which was approx. 86% of total imports in 2021. It was distantly followed by Bahrain (X litres), comprising an 8.1% share of total imports. Kuwait (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 the United Arab Emirates stood at +4.5%. At the same time, Kuwait (+20.6%) and Bahrain (+1.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +20.6% from 2012-2021. While the share of Kuwait (+3 p.p.) and the United Arab Emirates (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bahrain (-2.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported cider, perry, mead and other fermented beverages in GCC, comprising 88% of total imports. The second position in the ranking was held by Bahrain ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +8.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+1.3% per year) and Kuwait (+19.2% per year).

Import Prices by Country

The import price in GCC stood at $X per litre in 2021, increasing by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per litre), while Bahrain ($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 Arab Emirates (+3.6%).

Source: IndexBox Platform