Imported Mexican shipments declined by -11.7% from a year earlier in November, while Dutch imports had less drastic declines, down -4.8% compared to November 2021, Beer Institute reported after analyzing Commerce Department data.
Imported shipments from all countries totaled 2,945,700 barrels, down more than 340,000 barrels (-10.4%) compared to November 2021. Mexican imported beer accounts for nearly 80% of total imported shipments, and as such, contributed to much of the decline for the latest available data.
In analyzing the import data from the Commerce Department, Beer Institute noted that what complicates these trends is that November 2021 was an equally soft month, with trends down -6.1% for total imports. However, at this time last year, Mexican imports were still in the black, up 2.1% compared to November 2020.
Despite this downward trend and slowing of growth in recent months, year-to-date shipments remain positive, up 2.7% for the months of January through November of 2022 compared to the same months last year, Beer Institute said.