Eastern Asia: Beer Market 2024

Beer Market Size in Eastern Asia

The East Asian beer market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Beer Production in Eastern Asia

In value terms, beer production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Beer Exports

Exports in Eastern Asia

In 2022, overseas shipments of beer increased by X% to X litres, rising for the second consecutive year after two years of decline. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, beer exports rose modestly to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporting country with an export of around X litres, which accounted for X% of total exports. South Korea (X litres) took the second position in the ranking, followed by Japan (X litres) and Hong Kong SAR (X litres). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beer exports from China stood at X%. At the same time, Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China and Japan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest beer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

In China, beer exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per litre, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per litre), while China ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Beer Imports

Imports in Eastern Asia

In 2022, supplies from abroad of beer was finally on the rise to reach X litres after three years of decline. In general, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, beer imports dropped slightly to $X in 2022. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the key importer of beer in Eastern Asia, with the volume of imports amounting to X litres, which was approx. X% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X litres), South Korea (X litres) and Hong Kong SAR (X litres), together comprising a X% share of total imports. Japan (X litres) and Democratic People's Republic of Korea (X litres) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to beer imports into China stood at X%. At the same time, Democratic People's Republic of Korea (X%), South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, South Korea and Democratic People's Republic of Korea increased by X, X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported beer in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, beer imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per litre in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per litre in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per litre), while Democratic People's Republic of Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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