Global Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size

The global spirits and liqueurs market shrank to $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production

In value terms, spirits and liqueurs production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Spirits And Liqueurs Exports

Exports

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported worldwide; surging by X% on 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, spirits and liqueurs exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, the UK (X litres), distantly followed by France (X litres), Italy (X litres), Mexico (X litres), the Netherlands (X litres), the United States (X litres), Germany (X litres) and Spain (X litres) represented the largest exporters of spirits, liqueurs and other spirituous beverages, together generating X% of total exports. The following exporters - Ireland (X litres), Belgium (X litres), South Korea (X litres), Sweden (X litres) and India (X litres) - together made up X% of total exports.

Exports from the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%), India (X%), Mexico (X%), Italy (X%), the Netherlands (X%), Spain (X%), Ireland (X%), South Korea (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, the United States (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Italy (X p.p.), Belgium (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spirits and liqueurs supplying countries worldwide were the UK ($X), France ($X) and Mexico ($X), with a combined X% share of global exports. The United States, Italy, the Netherlands, Germany, Ireland, Spain, Belgium, Sweden, South Korea and India lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The global export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per litre), while South Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported worldwide; jumping by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X litres), followed by Russia (X litres), Germany (X litres) and France (X litres) were the major importers of spirits, liqueurs and other spirituous beverages, together committing X% of total imports. The UK (X litres), the Netherlands (X litres), Spain (X litres), Israel (X litres), Canada (X litres), Italy (X litres), Japan (X litres), China (X litres) and the United Arab Emirates (X litres) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages worldwide, comprising X% of global imports. The second position in the ranking was taken by China ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the United States, spirits and liqueurs imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per litre. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per litre), while Israel ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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