Argentina: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Argentina

The Argentinian spirits and liqueurs market dropped rapidly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a strong increase. Spirits and liqueurs consumption peaked at $X in 2021, and then reduced markedly in the following year.

Spirits And Liqueurs Exports

Exports from Argentina

Spirits and liqueurs exports from Argentina surged to X litres in 2022, rising by X% compared with 2021 figures. Over the period under review, exports, however, saw a mild setback. The exports peaked at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable descent. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X litres), Chile (X litres) and Paraguay (X litres) were the main destinations of spirits and liqueurs exports from Argentina, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Chile ($X) and Paraguay ($X) were the largest markets for spirits and liqueurs exported from Argentina worldwide, with a combined X% share of total exports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other 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, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spirits And Liqueurs Imports

Imports into Argentina

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, spirits and liqueurs imports rose markedly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Argentina, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Ireland (X litres), sixfold. The third position in this ranking was taken by Sweden (X litres), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Sweden (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Argentina, comprising X% of total imports. The second position in the ranking was taken by Ireland ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Cuba ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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