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

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

In 2021, the Venezuelan cider, perry and mead market increased by 3.5% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption saw a abrupt setback. Cider, perry and mead consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Venezuela

In 2021, overseas shipments of cider, perry, mead and other fermented beverages increased by 110% to X litres, rising for the fourth consecutive year after five years of decline. Over the period under review, exports, however, recorded a sharp contraction. The exports peaked at X litres in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cider, perry and mead exports skyrocketed to $X in 2021. In general, exports, however, showed a precipitous setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X litres) and Aruba (X litres) were the main destinations of cider, perry and mead exports from Venezuela.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Aruba (with a CAGR of +27.0%).

In value terms, Aruba ($X) remains the key foreign market for cider, perry, mead and other fermented beverages exports from Venezuela, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba stood at +23.9%.

Export Prices by Country

In 2021, the average cider, perry and mead export price amounted to $X per litre, with a decrease of -2% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cider, perry and mead export price decreased by -30.3% against 2013 indices. The growth pace was the most rapid in 2013 when the average export price increased by 94%. As a result, the export price attained the peak level of $X per litre. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per litre), while the average price for exports to the United States totaled $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (-2.5%).

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Venezuela

In 2021, after three years of growth, there was significant decline in overseas purchases of cider, perry, mead and other fermented beverages, when their volume decreased by -15% to X litres. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 516%. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cider, perry and mead imports soared to $X in 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 406%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X litres) constituted the largest supplier of cider, perry and mead to Venezuela, with a 51% share of total imports. Moreover, cider, perry and mead imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X litres), threefold. The third position in this ranking was taken by the United States (X litres), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.2% per year) and the United States (+21.0% per year).

In value terms, the largest cider, perry and mead suppliers to Venezuela were Brazil ($X), the United States ($X) and Spain ($X), together comprising 63% of total imports.

The United States, with a CAGR of +32.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cider, perry and mead import price stood at $X per litre in 2021, surging by 42% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 51%. Over the period under review, average import prices attained the maximum at $X per litre in 2014; however, from 2015 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 Italy ($X per litre), while the price for Argentina ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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