Argentina: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Argentina

The Argentinian market for spirits, liqueurs and other spirituous beverages dropped remarkably to $X in 2022, waning by -20.1% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Argentina

In value terms, production of spirits, liqueurs and other spirituous beverages declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Argentina

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Argentina; increasing by 482% on the previous year. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Argentina, with a 54% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Chile exceeded the volume sent to the second major destination, Uruguay (X litres), twofold. The third position in this ranking was held by Bolivia (X litres), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+29.4% per year) and Bolivia (+10.3% per year).

In value terms, Chile ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Argentina, comprising 52% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 23% share of total exports. It was followed by Bolivia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+24.6% per year) and Bolivia (+7.8% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, surging by 2.2% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The growth pace was the most rapid in 2015 an increase of 4.7%. As a result, the export price reached the peak level of $X per litre. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Bolivia ($X per litre) and Chile ($X per litre), while the average price for exports to Paraguay ($X per litre) and Uruguay ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Argentina

In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages increased by 21% to X litres, rising for the second consecutive year after three years of decline. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 74%. Imports peaked at X litres in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ireland (X litres), Sweden (X litres) and Germany (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Argentina, together comprising 57% of total imports. The UK, the United States, Brazil, South Africa, Italy and South Korea lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits, liqueurs and other spirituous beverages suppliers to Argentina were Ireland ($X), Germany ($X) and Sweden ($X), with a combined 58% share of total imports. The UK, the United States, South Africa, Brazil, Italy and South Korea lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, the United States, with a CAGR of +35.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, growing by 50% against the previous year. Overall, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per litre), while the price for South Korea ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform