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China - Spirits, Liqueurs And Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Spirits, Liqueurs And Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights

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May 30, 2023

China's Spirits and Liqueurs Import Skyrocket to $214M in April 2023

China Spirits And Liqueurs Imports

In April 2023, imports of spirits, liqueurs and other spirituous beverages into China reduced modestly to 9.9M litres, declining by -2.3% compared with the month before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when imports increased by 37% month-to-month. As a result, imports attained the peak of 13M litres. From December 2022 to April 2023, the growth of imports remained at a somewhat lower figure.

In value terms, spirits and liqueurs imports skyrocketed to $214M (IndexBox estimates) in April 2023. In general, imports, however, posted a temperate increase. The pace of growth was the most pronounced in March 2023 when imports increased by 44% m-o-m. Imports peaked at 312M litres in November 2022; however, from December 2022 to April 2023, imports stood at a somewhat lower figure.

COUNTRYImport Value of Spirits And Liqueurs in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
France69.172.312015211511417521714792.759.596.2114
United Kingdom30.633.745.643.847.249.738.145.655.429.731.532.743.3
Japan5.64.75.67.34.77.77.15.55.93.04.66.64.9
South Korea3.23.12.32.73.03.03.02.72.63.63.14.33.5
Mexico1.91.41.42.11.10.81.21.50.51.20.71.72.9
United States3.21.81.51.82.21.81.91.42.44.40.52.11.5
Sweden1.00.90.71.20.80.40.30.81.30.60.30.50.6
Others17.423.522.022.420.526.721.037.233.215.322.332.743.4
Total132141199233195205248312248151123177214

Imports by Country

France (3.1M litres), the UK (2.2M litres) and South Korea (2.1M litres) were the main suppliers of spirits and liqueurs imports to China, together accounting for 75% of total imports. These countries were followed by Japan, the United States, Mexico and Sweden, which together accounted for a further 16%.

From April 2022 to April 2023, the biggest increases were in Mexico (with a CAGR of +7.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($114M) constituted the largest supplier of spirits and liqueurs to China, comprising 53% of total imports. The second position in the ranking was taken by the UK ($43M), with a 20% share of total imports. It was followed by Japan, with a 2.3% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from France totaled +4.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (+2.9% per month) and Japan (-1.1% per month).

Import Prices by Country

In April 2023, the spirits and liqueurs price stood at $21.7 per litre (CIF, China), picking up by 24% against the previous month. Overall, import price indicated a temperate increase from April 2022 to April 2023: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, spirits and liqueurs import price increased by +52.0% against February 2023 indices. The growth pace was the most rapid in June 2022 an increase of 28% month-to-month. The import price peaked at $25.8 per litre in October 2022; however, from November 2022 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was France ($36.8 per litre), while the price for South Korea ($1.6 per litre) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spirits and liqueurs market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)
  • Prodcom 11011030 - Whisky (important: excluding alcohol duty)
  • Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
  • Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)
  • Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
  • Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
  • Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
  • Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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