Recent export growth data for the American craft beer industry sees it nudging $100 million.
The data from the Brewers Association (BA) supported by the BA’s Export Development Program (EDP), reports craft beer export volume increased by 35.7 per cent in 2014, representing 383,422 barrels and an estimated $99.7 million.
In 2014, the fastest growing markets were Brazil, South Korea, Thailand and the United Kingdom. The strongest growth was found in Brazil, which was up 63.9 per cent; Asia-Pacific region (excluding Japan), up 38.1 per cent; Western Europe, up 36.6 per cent; Canada, up 32.3 per cent; and Japan, up 31.7 per cent.
The top five markets for American craft beer remained nearly the same in 2014, with South Korea surpassing Japan for fifth place. In terms of market share, Canada accounted for 53 per cent of exports, Sweden for 12 per cent, the United Kingdom for 10.7 per cent, Australia for 5.1 per cent, and Korea for 3.4 per cent.
“Small and independent brewers are spreading the culture and community of craft beer around the globe,” said Bob Pease, chief executive officer, Brewers Association. “Beer drinkers internationally are embracing the innovation and flavours offered by American craft brewers. The Brewers Association is pleased to assist our members with increasing their access to markets abroad.”