Asia-Pacific: Gin And Geneva Market 2024

Gin And Geneva Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific gin and geneva market increased by 1.9% to $X in 2022. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.3% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Gin And Geneva Production in Asia-Pacific

In value terms, gin and geneva production declined to $X in 2022 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Gin And Geneva Exports

Exports in Asia-Pacific

In 2022, approx. X litres of gin and geneva were exported in Asia-Pacific; with an increase of 23% compared with 2021. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, gin and geneva exports surged to $X in 2022. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 44%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Japan was the key exporter of gin and geneva in Asia-Pacific, with the volume of exports recording X litres, which was approx. 33% of total exports in 2022. Thailand (X litres) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (14%), India (14%), Australia (12%) and the Philippines (5.7%). China (X litres) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the gin and geneva exports, with a CAGR of +190.6% from 2012 to 2022. At the same time, China (+73.9%), Thailand (+55.7%), India (+10.2%), Singapore (+8.6%), Australia (+2.1%) and the Philippines (+1.6%) displayed positive paces of growth. Japan (+33 p.p.), Thailand (+14 p.p.) and China (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while India, Singapore, the Philippines and Australia saw its share reduced by -2.5%, -5.3%, -9.3% and -18.1% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Japan ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 81% share of total exports.

Japan, with a CAGR of +191.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per litre in 2022, surging by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 an increase of 32%. The level of export peaked at $X per litre in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.6%), while the other leaders experienced more modest paces of growth.

Gin And Geneva Imports

Imports in Asia-Pacific

In 2022, gin and geneva imports in Asia-Pacific skyrocketed to X litres, growing by 26% against the previous year. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +37.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports soared to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X litres), distantly followed by Japan (X litres), India (X litres), Thailand (X litres), China (X litres), New Zealand (X litres), Singapore (X litres) and the Philippines (X litres) were the largest importers of gin and geneva, together achieving 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Singapore ($X) and New Zealand ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 56% of total imports. These countries were followed by Japan, India, China, Thailand and the Philippines, which together accounted for a further 31%.

In terms of the main importing countries, the Philippines, with a CAGR of +39.0%, saw 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 import price in Asia-Pacific stood at $X per litre in 2022, shrinking by -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2018 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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