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

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

In 2021, the Philippine cider, perry and mead market increased by 150% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from the Philippines

In 2021, after two years of growth, there was significant decline in shipments abroad of cider, perry, mead and other fermented beverages, when their volume decreased by -56.1% to X litres. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 915% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2020, and then contracted markedly in the following year.

In value terms, cider, perry and mead exports declined to $X in 2021. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 451% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X litres) was the main destination for cider, perry and mead exports from the Philippines, with a 67% share of total exports. Moreover, cider, perry and mead exports to Japan exceeded the volume sent to the second major destination, China (X litres), threefold.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3,644.1% per year) and Canada (0.0% per year).

In value terms, China ($X), Japan ($X) and Canada ($X) were the largest markets for cider, perry and mead exported from the Philippines worldwide, together accounting for 95% of total exports.

In terms of the main countries of destination, China, with a CAGR of +3,248.4%, recorded 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, rising by 100% against the previous year. Over the period under review, the export price, however, saw a dramatic shrinkage. Over the period under review, the average export prices hit record highs at $X per litre in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per litre), while the average price for exports to Japan ($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 Japan (+2.4%).

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into the Philippines

In 2021, purchases abroad of cider, perry, mead and other fermented beverages increased by 28% to X litres for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 669% against the previous year. As a result, imports attained the peak of X litres. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, cider, perry and mead imports reduced slightly to $X in 2021. In general, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 902% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X litres) constituted the largest cider, perry and mead supplier to the Philippines, accounting for a 33% share of total imports. Moreover, cider, perry and mead imports from Japan exceeded the figures recorded by the second-largest supplier, France (X litres), twofold. China (X litres) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.7% per year) and China (+2.8% per year).

In value terms, Japan ($X) constituted the largest supplier of cider, perry, mead and other fermented beverages to the Philippines, comprising 51% of total imports. The second position in the ranking was held by Ireland ($X), with an 11% share of total imports. It was followed by Australia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+14.9% per year) and Australia (-22.8% per year).

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, waning by -23.9% against the previous year. Over the period under review, the import price showed a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 30%. The import price peaked at $X per litre in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Japan ($X per litre), while the price for the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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