U.S. Accelerates Brewing Dregs and Waste Exports to Asia
IndexBox has just published a new report: ‘U.S. – Brewing Or Distilling Dregs And Waste – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
American brewing dregs and waste exports remain buoyant, growing by +4.5% y-o-y to $2.3B in 2020. A slump in shipments to Mexico, the leading importer of brewing dregs from the U.S., was offset by increased supplies to the Asian countries. Purchases by Mexico, Viet Nam and South Korea constitute 39% of the total volume exported from the U.S. The average export price for brewing dregs and waste increased by +2.9% y-o-y to $212 per tonne in 2020.
American Exports of Brewing Dregs and Waste
Exports of brewing dregs and waste from the U.S. rose modestly to 11M tonnes in 2020, increasing by +1.6% y-o-y. In value terms, exports grew by +4.5% y-o-y to $2.3B (IndexBox estimates) in 2020.
Mexico (1.7M tonnes), Viet Nam (1.3M tonnes) and South Korea (1.3M tonnes) were the leading destinations for brewing dregs and waste supplied from the U.S., together comprising 39% of the total export volume. These countries were followed by Indonesia, Thailand, Turkey, Japan, Canada, Ireland, the Philippines, China, New Zealand and Taiwan (Chinese), which together accounted for a further 44%.
In 2020, American supplies to Viet Nam (+7.0% y-o-y), South Korea (+1.3% y-o-y), Indonesia (+1.3% y-o-y), Thailand (+46.4% y-o-y) and (China (+55.4% y-o-y) increased significantly. By contrast, exports to Mexico dropped by -14.2% y-o-y.
In value terms, Mexico ($383M), Viet Nam ($285M) and South Korea ($272M) appeared to be the largest markets for brewing dregs exported from the U.S. worldwide, together accounting for 40% of total exports. These countries were followed by Indonesia, Thailand, Turkey, Japan, Canada, Ireland, the Philippines, China, New Zealand and Taiwan (Chinese), which together accounted for a further 43%.
The average export price for brewing dregs and waste from the U.S. stood at $212 per tonne in 2020, surging by +2.9% against the previous year. In 2020, the countries with the highest prices were Thailand ($230 per tonne) and Viet Nam ($222 per tonne), while the average prices for exports to Canada ($169 per tonne) and Turkey ($199 per tonne) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Thailand, while the prices for the other significant destinations experienced more modest paces of growth.
Source: IndexBox Platform
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