The Beer Institute published its unofficial estimate of domestic tax paid shipments by beer brewers for May 2020.
According to the data, the Beer Institute reported that shipments dropped by 1 million barrels in May 2020, or a 6.6% decrease compared to May 2019.
The above chart of the Domestic Tax Paid reflects revised estimates as released by the TTB.
However, the Beer Institute noted that the trade organization is expecting significant revisions for March 2020, April 2020, May 2020, and future months’ estimates as TTB Industry Circular 2020-2 has postponed reporting requirements for filing and payment due dates for up to 90 days.
COVID-19 continues to wreak havoc on the beer industry and the decline in shipments for May represent the worst monthly tally for 2020 thus far. While bars and restaurants reopen in some places while closing again in others, the future is uncertain.
According to IRI, off-premise beer category sales continue to stay strong, totaling $18.9 billion thru mid-June, an 18% increase over last year.
About Beer Institute
The Beer Institute, based in Washington, D.C., represents the $328 billion beer industry – an industry that includes 7,000 brewers and more than 2.1 million American jobs. The Beer Institute is a national trade association for the American brewing industry, representing both large and small brewers, as well as importers and industry suppliers. Our organization, founded in 1862 as the U.S. Brewers Association and reorganized as the Beer Institute in 1986, represents the beer industry before Congress, state legislatures and public forums across the country. Read More
