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

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

The Peruvian cider, perry and mead market declined sharply to $X in 2021, falling by -70.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Peru

Cider, perry and mead exports from Peru skyrocketed to X litres in 2021, growing by 28% compared with 2020. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 93%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, cider, perry and mead exports soared to $X in 2021. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 84%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X litres) was the main destination for cider, perry and mead exports from Peru, accounting for a 71% share of total exports. Moreover, cider, perry and mead exports to the United States exceeded the volume sent to the second major destination, Spain (X litres), sevenfold. Belgium (X litres) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+14.4% per year) and Belgium (+86.4% per year).

In value terms, the United States ($X) remains the key foreign market for cider, perry, mead and other fermented beverages exports from Peru, comprising 65% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+78.3% per year) and Spain (+11.7% per year).

Export Prices by Country

In 2021, the average cider, perry and mead export price amounted to $X per litre, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The export price peaked at $X per litre in 2020, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per litre), while the average price for exports to the United States ($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 Chile (+33.7%), 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 Peru

In 2021, imports of cider, perry, mead and other fermented beverages into Peru reduced dramatically to X litres, which is down by -30.4% against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X litres in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, cider, perry and mead imports dropped modestly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X litres), China (X litres) and Spain (X litres) were the main suppliers of cider, perry and mead imports to Peru, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cider, perry, mead and other fermented beverages to Peru, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Spain, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Spain (+10.0% per year).

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, rising by 39% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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