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.
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.