April imports dropped 245,000 bbls, 7.8% according to US govt stats, reported by Beer Institute Friday afternoon. That meant imports now up just 18,000 bbls, 0.2% yr-to-date. But that makes little sense compared to known scan data and Constellation’s reported depletions data. Imports were up 6.5% thru Apr 29 in Nielsen all-outlet, now up 7% thru 5/20. And recall, Constellation, which represents over half of all imports, reported sales-to-retailers up 9-10% in 1st qtr. Constellation still flying in scan data; up 13.6% thru 5/20 in Nielsen. Yet Mexican import shipments down 1% thru Apr, perhaps having to do with timing of last yr’s bottle recall. Dutch imports up 3%, Belgian imports down 10% and Canadian down 6%. Whatever the cause, import shipments do not reflect current retail trends.
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