China increased beer supplies by 11.7% in January-July, to 376 million liters

Published 2024년 8월 18일

Tridge summary

Chinese beer exports experienced an 11.7% increase in volume and an 8.3% increase in value from January-July compared to the previous year, reaching 376 million liters and $259 million respectively. However, in July, there was a decrease of 3.3% in volume and 6.4% in value. Taiwan is the primary market for Chinese beer exports, accounting for 26% of total exports, despite increasing tensions between Beijing and Taipei. China imports approximately half of its beer from the Netherlands and Germany, with the Netherlands contributing about 40% of the value. Other significant sources include Hong Kong, the United Arab Emirates, Myanmar, and Russia.

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Original content

In January-July, Chinese beer suppliers exported about 376 million liters of their products to other markets, increasing their volume by 11.7% year-on-year. This was reported by the General Administration of Customs of China. According to its information, the value of this product exceeded $259 million (an increase of 8.3%). However, in July alone, Chinese beer exports decreased by 3.3% compared to the same month in 2023 (to 53.28 million liters), and in monetary terms - by 6.4%, amounting to $37 million. China actively purchases beer from other countries. Nevertheless, over seven months, these supplies decreased by 22%, to 216 million liters. In terms of value, imports of the corresponding alcoholic beverages decreased by 21.2%, to $298 million. The main destination for beer supplies produced in mainland China is Taiwan. The share of this Chinese region with a special status in the export of the corresponding drink from the PRC is 26%. Despite the increased friction between ...

Source: Kvedomosti