U.S.: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in the U.S.

The U.S. cider, perry and mead market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Cider, Perry, Mead And Other Fermented Beverages in the U.S.

In value terms, cider, perry and mead production expanded remarkably to $X in 2021. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 decreased by -12.2% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 32%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from the U.S.

In 2021, overseas shipments of cider, perry, mead and other fermented beverages were finally on the rise to reach X litres after six years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 79% against the previous year. As a result, the exports reached the peak of X litres. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cider, perry and mead exports rose remarkably to $X in 2021. Over the period under review, exports showed a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of 60%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X litres) was the main destination for cider, perry and mead exports from the United States, with a 56% share of total exports. Moreover, cider, perry and mead exports to Canada exceeded the volume sent to the second major destination, South Korea (X litres), ninefold. The third position in this ranking was held by China (X litres), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+8.9% per year) and China (+18.4% per year).

In value terms, Canada ($X) remains the key foreign market for cider, perry, mead and other fermented beverages exports from the United States, comprising 53% of total exports. The second position in the ranking was held by South Korea ($X), with a 5.3% share of total exports. It was followed by Mexico, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+9.8% per year) and Mexico (-16.8% per year).

Export Prices by Country

In 2021, the average cider, perry and mead export price amounted to $X per litre, picking up by 2.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2015 an increase of 17% against the previous year. The export price peaked at $X per litre in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per litre), while the average price for exports to British Virgin Islands ($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 Mexico (+5.0%), 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 the U.S.

In 2021, approx. X litres of cider, perry, mead and other fermented beverages were imported into the United States; rising by 8.4% on the previous year. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 101%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cider, perry and mead imports totaled $X in 2021. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 75%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Canada (X litres), Mexico (X litres) and the Netherlands (X litres) were the main suppliers of cider, perry and mead imports to the United States, together comprising 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Japan ($X) were the largest cider, perry and mead suppliers to the United States, with a combined 69% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +75.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, which is down by -7.2% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4.9%. The import price peaked at $X per litre in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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