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

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

The East Asian cider, perry and mead market was estimated at $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, cider, perry and mead production rose to $X in 2022 estimated in export price. The total production indicated a temperate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports in Eastern Asia

In 2022, shipments abroad of cider, perry, mead and other fermented beverages increased by X% to X litres, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X litres. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cider, perry and mead exports declined modestly to $X in 2022. Total exports indicated a pronounced 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 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, South Korea (X litres) and Japan (X litres) represented the major exporters of cider, perry, mead and other fermented beverages in Eastern Asia, together recording approx. X% of total exports. It was distantly followed by China (X litres), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest cider, perry and mead supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports.

In Japan, cider, perry and mead exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per litre in 2022, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per litre, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per litre), while South Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports in Eastern Asia

After two years of growth, purchases abroad of cider, perry, mead and other fermented beverages decreased by X% to X litres in 2022. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cider, perry and mead imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Japan (X litres) was the major importer of cider, perry, mead and other fermented beverages, mixing up X% of total imports. It was distantly followed by South Korea (X litres), China (X litres), Hong Kong SAR (X litres) and Taiwan (Chinese) (X litres), together committing a X% share of total imports.

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

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded 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 2022, the import price in Eastern Asia amounted to $X per litre, flattening at the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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