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

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

In 2021, the Japanese cider, perry and mead market decreased by -13.9% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

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

In value terms, cider, perry and mead production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, posted noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Cider, perry and mead production peaked at $X in 2020, and then reduced in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Japan

In 2021, overseas shipments of cider, perry, mead and other fermented beverages were finally on the rise to reach X litres after two years of decline. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cider, perry and mead exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X litres), China (X litres) and Taiwan (Chinese) (X litres) were the main destinations of cider, perry and mead exports from Japan, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cider, perry and mead exported from Japan were China ($X), the United States ($X) and Hong Kong SAR ($X), with a combined 72% share of total exports.

Among the main countries of destination, China, with a CAGR of +38.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cider, perry and mead export price amounted to $X per litre, with an increase of 8.5% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cider, perry and mead export price increased by +67.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per litre), while the average price for exports to Taiwan (Chinese) ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Japan

For the fourth year in a row, Japan recorded decline in supplies from abroad of cider, perry, mead and other fermented beverages, which decreased by -14.6% to X litres in 2021. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 0.2%. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cider, perry and mead imports fell to $X in 2021. In general, imports faced a abrupt curtailment. The smallest decline of -3.3% was in 2017. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X litres) constituted the largest cider, perry and mead supplier to Japan, with a 63% share of total imports. Moreover, cider, perry and mead imports from South Korea exceeded the figures recorded by the second-largest supplier, Vietnam (X litres), fivefold. Belgium (X litres) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.5% per year) and Belgium (-10.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of cider, perry, mead and other fermented beverages to Japan, comprising 44% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Vietnam, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea amounted to -17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.9% per year) and Vietnam (+13.6% per year).

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, picking up by 7.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per litre), while the price for the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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