The Beer and Soft Drink Sector in Mexico: Significant Tax Contribution
The beer and soft drink sector in Mexico continues to be a significant contributor to the national treasury.
In addition to highly processed products like energy drinks, the sector is subject to a consumption tax (IEPS) that continues to generate public revenue at a steady pace.
The sale of soft drinks, beers, and energy drinks remained an important source of income for the treasury.
The beer and soft drink sector in Mexico is consumed more than the estimated average. Between January and September 2023, this packaging group collected a total of 37,956 million pesos.
This represents a 6.1% increase compared to the previous year, according to figures from the Ministry of Finance and Public Credit (SHCP).
Although with less force, distilled alcoholic beverages also showed an increase in the total collected, reaching nearly 19,202 million pesos, a 0.5% increase over the same period last year.
The Beer and Soft Drink Sector in Mexico
These figures can be explained by the fact that Mexican families continue to prioritize the consumption of alcoholic and highly processed beverages.
The beer market has transformed in recent years due to changes in consumer preferences. In addition to industrially produced beers, the variety has diversified, including new flavors, craft beers, and non-alcoholic options.
The beer production industry in Mexico plays a significant role in the country’s economy, ranking fourth among the leading countries in beer production.
The Mexican beer industry is so substantial that it ranks among the top 19 activities in terms of production value.
In terms of inputs, 73% of them are domestic, and the rest are imported, representing a driving force for local producers.
In the brewing industry, ten economic activities supply 65% of the inputs required for production processes.
Also read: Reduced Flexible Credit Line for Mexico with the IMF.
