Mexico: The beer industry expects higher sales

Published 2022년 12월 2일

Tridge summary

Mexican beer consumption is expected to reach 2,100 million bottles in December, driven by the World Cup in Qatar and end-of-year festivities. The beer industry is recovering from challenges such as glass shortage and increased raw material costs, with sales channels like bars and restaurants reopening. Artisan producers are planning to pass increased costs to consumers, but do not plan to raise prices significantly to remain competitive. Beer production in Mexico is on the rise, with 94.5 million hectoliters produced from January to August 2022, marking a 4.8% growth from the same period in 2021 and 11.9% from 2019. Exports are also on the rise, with a 8.5% increase from 2022 and 16.7% above 2019 levels. The industry has seen a 9.34% increase in drink prices from December last year to November 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mexican beer is about to close an unusual year. Between the lack of glass and the increase in some raw materials, but with the recovery of sales channels such as bars and restaurants, the brewing industry is getting ready to receive 2023. The beer index produced by Hellosafe estimates that beer consumption in December amounts to 2,100 million bottles, boosted by the World Cup in Qatar and the end-of-year festivities. The company details in the document that Mexicans have an average consumption of 55 to 68 liters per year, placing the market in 30th place in beer consumption worldwide. The artisanal producers and the large brewing groups are advancing on different paths towards recovery, since they have a differentiated impact due to inflation, and even due to the conflict between Russia and Ukraine, which has put purchases of different grains in trouble worldwide. . With the arrival of the new year, artisan producers are preparing a price increase, amid an escalation in the costs ...

Source: Expansion