Mexico: Beer Market 2024

Beer Market Size in Mexico

The Mexican beer market shrank to $X in 2022, declining by -5.5% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Beer consumption peaked at $X in 2021, and then shrank in the following year.

Beer Production in Mexico

In value terms, beer production declined to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Beer Exports

Exports from Mexico

In 2022, shipments abroad of beer was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, beer exports rose rapidly to $X in 2022. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for beer exports from Mexico, with a 97% share of total exports. It was followed by Australia (X tons), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-7.3% per year) and the UK (-32.9% per year).

In value terms, the United States ($X) remains the key foreign market for beer exports from Mexico, comprising 98% of total exports. The second position in the ranking was taken by Australia ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-10.9% per year) and the UK (-31.5% per year).

Export Prices by Country

In 2022, the average beer export price amounted to $X per ton, approximately reflecting the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beer export price increased by +46.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Mexico

Beer imports into Mexico shrank notably to X tons in 2022, waning by -15.3% on 2021. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, beer imports shrank to $X in 2022. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 47%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest beer supplier to Mexico, with a 87% share of total imports. Moreover, beer imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.9% per year) and Belgium (+11.4% per year).

In value terms, the United States ($X) constituted the largest supplier of beer to Mexico, comprising 81% of total imports. The second position in the ranking was held by Germany ($X), with an 8.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Belgium (+3.5% per year).

Import Prices by Country

The average beer import price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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