Latin America and the Caribbean: Beer Market 2024

Beer Market Size in Latin America and the Caribbean

The Latin American beer market fell slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Beer Production in Latin America and the Caribbean

In value terms, beer production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Beer Exports

Exports in Latin America and the Caribbean

In 2022, the amount of beer exported in Latin America and the Caribbean rose significantly to X litres, surging by X% against the previous year. Total exports indicated a notable 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, beer exports expanded notably to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Mexico dominates exports structure, reaching X litres, which was near X% of total exports in 2022. It was distantly followed by Brazil (X litres), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to beer exports from Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest beer supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

In Mexico, beer exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per litre in 2022, surging by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price 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, beer export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per litre), while Brazil totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Beer Imports

Imports in Latin America and the Caribbean

Beer imports shrank notably to X litres in 2022, waning by X% against 2021 figures. Total imports indicated a buoyant 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X litres, and then reduced notably in the following year.

In value terms, beer imports shrank to $X in 2022. Total imports indicated a strong 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, imports increased by X% against 2020 indices. 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 dropped in the following year.

Imports by Country

The countries with the highest levels of beer imports in 2022 were Paraguay (X litres), Chile (X litres) and Guatemala (X litres), together resulting at X% of total import. Honduras (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Panama (X%) and Cuba (X%). The following importers - the Dominican Republic (X litres), Uruguay (X litres), El Salvador (X litres), Peru (X litres), Costa Rica (X litres), Colombia (X litres) and Ecuador (X litres) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cuba (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Paraguay ($X) and Panama ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Guatemala, Honduras, the Dominican Republic, Cuba, Peru, Colombia, El Salvador, Costa Rica, Ecuador and Uruguay lagged somewhat behind, together comprising a further X%.

Cuba, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per litre in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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