Alcoholic beer market in Belize

Earlier Report Observations

The alcoholic beer market in Belize expanded by 7% in 2019 to 21.2 million liters, before a sharp 25% contraction in 2020 to 15.9 million liters. This decline was driven by the COVID-19 pandemic, which disrupted production and altered consumption patterns through temporary closures and shifts in demand.

A recovery began in 2021 with an 18% increase, followed by a strong 39% surge in 2022 to nearly 26.0 million liters. Post-pandemic demand rebound was accompanied by evolving consumer preferences toward craft and premium beer segments, alongside innovative product launches by major brewers, which helped to diversify offerings and stimulate overall market volume.

In 2023, the market volume adjusted downward by 13% to 22.6 million liters, reflecting a normalization after the previous year's exceptional growth.

Production alcoholic beer in Belize

In kind, 2018-2021, K l

Top producers of alcoholic beer, 2018-2021

World map of production of alcoholic beer, 2018-2021

In Belize, alcoholic beer production reached 15,842 thousand liters in 2021, marking a significant year-over-year increase of 32.6%. Looking at the broader period from 2018 to 2021, production grew by 17.8%, which translates to an annualized growth rate of 5.6%. The lowest production level was recorded in 2020 at 11,948 thousand liters, while the peak occurred in 2019 with 15,934 thousand liters. The most substantial decline was observed in 2020, when production fell by 25.0%.

Annual dynamics of production in Belize in kind, 2018-2021, K l

In value, 2018-2021, K $ US

The value of alcoholic beer production in Belize stood at 13,090 thousand US dollars in 2021, reflecting a sharp year-over-year improvement of 32.9%. Over the period from 2018 to 2021, production value increased by 12.8%, corresponding to an annualized growth rate of 4.1%. The minimum value was recorded in 2020 at 9,851 thousand US dollars, while the maximum was in 2019 at 13,094 thousand US dollars. The largest decline occurred in 2020, with a drop of 24.8%.

Annual dynamics of production in Belize in value, 2018-2021, K $ US

Exports alcoholic beer from Belize

Exports in kind, K l

Alcoholic beer exports from Belize have increased for the third consecutive year. In 2021, exports totaled 21,855 thousand liters, representing a substantial 65.5% rise compared to the previous year. Between 2018 and 2021, exports surged by 3,574.4%, equating to an annualized growth rate of 232.5%.

Annual dynamics of product's exports from Belize in kind, 2018-2021, K l

From 2018 to 2021, alcoholic beer from Belize was almost exclusively supplied to Mexico, which accounted for 97.0% of total exports in volume terms.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Belize in kind, 2018-2021

Exports in value, K $ US

Alcoholic beer deliveries from Belize have risen for the third year in a row. In 2021, Belize exported 18,058 thousand US dollars worth of alcoholic beer, up by 65.9% year-over-year. Between 2018 and 2021, exports increased by 3,420.6%, with an annualized growth rate of 227.7%.

Annual dynamics of product's exports from Belize in value, 2018-2021, K $ US

Over the period 2018–2021, alcoholic beer from Belize was largely oriented towards Mexico, whose share in total export value reached 96.8%.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Belize in value, 2018-2021

Imports alcoholic beer to Belize

Imports in kind, K l

Belize's alcoholic beer import volume has grown for the third consecutive year. In 2021, Belize imported approximately 24,718 thousand liters of alcoholic beer, amounting to a sharp advance of 44.2% compared to the previous year. Between 2018 and 2021, imports increased by 256.6%, equating to an annualized growth rate of 52.8%.

Annual dynamics of product's imports to Belize in kind, 2018-2021, K l

Throughout 2018–2021, Mexico remained the primary source for imports in volume terms, accounting for 83.0% of total flows, while the remaining share was distributed across various smaller markets.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Belize in kind, 2018-2021

Imports in value, K $ US

Alcoholic beer import volumes in Belize have increased for the third year in a row. In 2021, Belize imported 17,363 thousand US dollars worth of alcoholic beer, equivalent to a sharp advance of 41.7% compared to the previous year. Over the period 2018-2021, imports grew by 197.1%, with a compound annual growth rate (CAGR) of 43.8%.

Annual dynamics of product's imports to Belize in value, 2018-2021, K $ US

From 2018 to 2021, Mexico accounted for 72.3% of total imports in value terms, with the remaining flows distributed among a broad group of smaller countries.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Belize in value, 2018-2021