BUSINESS

Cyprus gobbled 37 million litres of beer this year

TAGS: Retail

Beer deliveries during the period of January – October 2018 reached 37.10 million litres, recording an increase of 3.6 percent compared to the same period of 2017, data released by the Cyprus Statistical Service on Tuesday show.

The increase is mainly attributed to local consumption, which is in turn connected to the number of tourists visiting the island. Local consumption was during the same period 36.14 million litres, recording an increase of 3.71 percent on an annual basis.

On the contrary, beer exports in the same period recorded a small drop of 0.60 percent on an annual basis and fell to 0.96 million litres.

Total beer deliveries (local consumption and exports) in October 2018 reached 3.58 million litres, which constitutes a historic record high and observes an increase of 18.6 percent.

Exports in October however recorded a great drop reaching only 55,606 litres of beer compared to 92,410 in October 2017 and recording a drop of 40 percent.

July was the month with the most beer deliveries in Cyprus, during which a total of 5.36 million litres were delivered. In 2017 June was the month with the highest beer deliveries reaching 5.46 million litres.

[Kathimerini Cyprus]

 

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