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

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

In 2021, after two years of growth, there was decline in the South Asian cider, perry and mead market, when its value decreased by -3.2% to $X. The market value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then declined modestly in the following year.

Production of Cider, Perry, Mead And Other Fermented Beverages in Southern Asia

In value terms, cider, perry and mead production reduced to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.8% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports in Southern Asia

In 2021, shipments abroad of cider, perry, mead and other fermented beverages was finally on the rise to reach X litres for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a deep reduction. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, cider, perry and mead exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, India (X litres), Pakistan (X litres) and Sri Lanka (X litres) represented the main exporter of cider, perry, mead and other fermented beverages in Southern Asia, making up 81% of total export. It was distantly followed by Nepal (X litres), generating a 19% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nepal (with a CAGR of +35.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest cider, perry and mead supplying countries in Southern Asia were India ($X), Sri Lanka ($X) and Nepal ($X), together comprising 89% of total exports.

Nepal, with a CAGR of +34.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Southern Asia stood at $X per litre in 2021, growing by 19% against the previous year. Over the period under review, the export price showed a slight increase. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nepal ($X per litre), while Pakistan ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+10.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded decline in purchases abroad of cider, perry, mead and other fermented beverages, which decreased by -37.6% to X litres in 2021. Overall, imports saw a precipitous slump. The pace of growth was the most pronounced in 2018 when imports increased by 93%. 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 dropped modestly to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 79% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X litres), distantly followed by Maldives (X litres), Afghanistan (X litres), Bhutan (X litres), Sri Lanka (X litres) and Nepal (X litres) were the key importers of cider, perry, mead and other fermented beverages, together creating 94% of total imports. Pakistan (X litres) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +18.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Maldives ($X) constitutes the largest market for imported cider, perry, mead and other fermented beverages in Southern Asia, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 9.5% share.

In Maldives, cider, perry and mead imports increased at an average annual rate of +10.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+7.2% per year) and Sri Lanka (-6.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per litre in 2021, increasing by 59% against the previous year. In general, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 75%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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