Between January and August this year, 178.9 million liters were produced, up 7.9% compared to the same period in 2013, in a market where small breweries are gaining ground.
Although the market is dominated by two major domestic producers, small breweries dedicated to the small scale production have begun to increase their presence, responding to changes in the consumption patterns of Panamanians.
The Defence of Competition Authority has endorsed the sale of Planta Nevada to the Costa Rican company Dos Pinos.
From a press release issued by Cerveceria Nacional SA:
On Tuesday, May 7 ACODECO, The Defence of Competition (or Antitrust) Authority formally communicated through DNLC-Resolution # 012-13 OGC- the approval of the sale of Planta Nevada, producing milk, juices, and soft drinks, belonging to Refrescos Nacionales S.A. a subsidiary of Cervecería Nacional, to Cooperativa de Productores de Leche Dos Pinos R.L.
Two of the largest breweries in the world have been competing for the Panamanian beer market, since the purchase of the two local breweries 10 years ago.
An article in Panamaamerica.com reports that statements from Cervecería Nacional, a subsidiary of SABMiller, reveal that "in 2001 they controlled 80% of a market of 3 million people . The rest is held by Cervecerías Barú-Panamá and brands of imported beer. This comfortable market position began to disappear once Cervecerías Barú-Panamá, a subsidiary of the Heineken beer brand relaunched in Panama, with a new formula and marketing strategy for the product, whose results are now far beyond the control of their production capacity. "
Brewers have reasons to celebrate: per capita consumption grew from 77 to 80 liters in 2011 and production increased by 5%.
Beer is the preferred alcoholic beverage in Panama, with its production having grown by 5.1% (above the average of 2% of the rest of Latin America) in 2011, reported Capital.com.pa.
The market is worth more than $390 million a year and is controlled by two large companies: Cervecería Nacional, a subsidiary of SABMiller, and Cervecería Barú- Panamá, under the control of Heineken NV. Last year they produced 247.2 million liters of beer, 5.1% more than in 2010, significantly higher than seco (6 million liters) and rum (7.2 million liters), according to data supplied by the Controller General.
Over the past 12 years, at least 10 of the country's largest industrial companies were acquired by foreign capital.
Rafael E. Berry, in his analysis in Panama America, details how from 2000 to date some of the largest Panamanian industries were acquired by foreign groups, including the National Brewery ($ 260 million), Cervecería Baru Dairy Industries ($ 220 million), and others like the largest manufacturer of bottles and companies from the food sector.
Between 2006 and 2010, beer production increased by 53 million liters annually. In the first 7 months of 2010, 131.5 million liters of beer were produced which means on average each Panamanian adult drinks 9.5 liters of beer per month.
Beer production rose by 3.3% in January 2009 when compared to the same month last year.
However, considering total liquor production in Panama (21.7 million liters in January), it increased only 2.1%, as production of sec, rum, gin and other spirits contracted by -17.9%, -13.6%, -4.3% and -36.5% respectively."
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability.
Operates in Honduras and Honduras
Phone: (504) 2556-7373 - (504) 94510322
We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
Operates in Nicaragua
Phone: (505) 2270-1320
We are experts in turnkey projects, we work in al types of industries like food, cement, waste water treatment, beverage, power generation planst, and others.
Operates in Panama
Phone: (507) 237 2328 - (507) 6613 1293