Budvar Czech Brewer reports record export growth in 2021

PRAGUE -- Budvar - The Czech brewer, which has been involved in a lengthy legal dispute with Anheuser-Busch regarding the Budweiser brand's use, increased its beer exports last fiscal year despite the pandemic.

Budvar Czech Brewer reports record export growth in 2021

PRAGUE -- Budvar - The Czech brewer, which has been involved in a lengthy legal dispute with Anheuser-Busch regarding the Budweiser brand's use, increased its beer exports last fiscal year despite the pandemic.

Budejovicky Budvar NP (a 126-year old state-owned brewery) announced Monday that its exports increased by 11% in 2021 to 1.3 million hectoliters (34.3 millions gallons).

Budvar's beer is sold in over 70 countries. Budvar stated in a statement, that its beer is sold in more than 70 countries, and that it has increased its sales in all major markets including Germany, Britain, and Slovakia.

In particular, sales of the German brewer's beer surpassed 500,000 hectoliters (or 12.2 million gallons) in the first year.

Budvar had previously stated that it recorded a record production for the second consecutive pandemic year 2021. It rose 4.6% to 1.8million hectoliters (47.8m gallons).

Yet, profit figures have not been released.

The beer market was affected by the pandemic. Bars and restaurants closed down for a while, and beer in barrels and tanks declined. Bottled beer demand was increasing.

In recent years, the brewery has grown to be able produce more than 2,000,000 hectoliters (52.8 millions gallons) per year. This investment allowed it to adapt to market changes during the coronavirus pandemic.

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