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Beverage imports fall: will this be the end of soft drinks and energy drinks?

The value of soft drinks imported last January reached $371,968. | Fountain: Andean

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In accordance with Lima Chamber of CommerceIn January of this year, mineral water imports almost doubled compared to the same month in 2022. Will this be the end of soft drink and energy drink consumption?

CCLthrough the Institute for Research and Development of Foreign Trade (indexcamera) warned that import soft drinks and energy drinks kept falling in January this year compared to January 2022.

Imported soft drinks reached $371,968 last January, up from $631,854 reached in January 2022. Volume has also been reduced by just over 200 litres.

According to agencies, this trend contrasts with soft drink imports in November and December.

“There are a number of factors that could have influenced this result. Country’s economic situation, conservative Peruvian consumer due to rising inflation and reported blockades hindering domestic distribution. It could also demonstrate that importers are cautious about consumption in the coming months,” said Oscar Quiñones, head of Idexcam.

Imports of energy drinks fall

In the case of energy drinks, a value of $334,731 was recorded in January 2022, but it was $219,135 in the same month of this year, reflecting a 34% decrease; however, the sharpest drop is found in volume, where imported liters fell from 284,831 to 47,871 liters compared to both periods.

“It is important to note that there is an increasing cost of imported liter here, since in January 2022 the cost per liter was about $1.17, and in January 2023 the price per liter increased by almost $4,” he said. expressed.

Mineral water imports are growing

The quantity of imported mineral water, by contrast, doubled in value and nearly doubled in volume; this by increasing from $25,475 (Jan 2022) to $59,141 (Jan 2023).

Moisturizers and juices also saw growth in both volume and value (see graph).

The country that sold moisturizers in January was Mexico with total imports; while in juices the main countries of origin are Mexico, Ecuador, Canada, Panama, USA and others

Source: RPP

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