Mexico’s beer industry grows 13% in the first half of the year
Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253
Beer production in Mexico grew to 59 million hectoliters during the first six months of the year, 13% more than in the same period of 2017, said Maribel Quiroga, director of Cerveceros de Mexico, which forms part of the National Chamber of Beer and Malt Industry (Canicerm). She explained the figures to be record levels for the industry.
This growth in exports has been important for the beer sector’s commercial balance since it reached a US$2.1 billion surplus during this period, which represents a 15% increase than in that semester last year.
“There are two factors that promote this growth: the first has to do with investments that the beer industry has made from 2013 to date, which go above US$3 billion in Mexico; and the other is the increase in consumer demand in Mexico and the world,” said Quiroga.
Some recent investments made to Mexico’s beer industry include the opening of the Grupo Modelo-AB InBev plant in Yucatan during August of last year, as well as the inauguration of the Heineken factory in Meoqui, Chihuahua, which opened in May of last year. Grupo Modelo is also preparing to open another plant in the state of Hidalgo.
Furthermore, the main importers of Mexican beer during the first six months of 2018 were the United States, with 95% of total exports; China, with 3.2%; the United Kingdom, with 3.1%; followed by Australia, with 1.8% and Canada, with 1.6%.
According to a study by the National Institute of Statistics and Geography (Inegi), beer production––in accordance with gross production––is among the 14 most important manufacturing production activities in the country, of a total of 291 different classes of activity, after the refining of oil and the manufacture of cars and vans, among others.