Asia-Pacific: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Asia-Pacific

The Asia-Pacific spirits and liqueurs market reduced modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Asia-Pacific

In value terms, spirits and liqueurs production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in Asia-Pacific

In 2022, the amount of spirits, liqueurs and other spirituous beverages exported in Asia-Pacific expanded sharply to X litres, with an increase of X% on 2021. The total export volume 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 observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, spirits and liqueurs exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

South Korea (X litres) and India (X litres) were the key exporters of spirits, liqueurs and other spirituous beverages in 2022, recording near X% and X% of total exports, respectively. Japan (X litres) took the next position in the ranking, followed by Singapore (X litres) and China (X litres). All these countries together took approx. X% share of total exports. Australia (X litres) and Thailand (X litres) followed a long way behind the leaders.

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

In value terms, Singapore ($X) remains the largest spirits and liqueurs supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per litre in 2022, shrinking by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per litre in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Singapore ($X per litre), while South Korea ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in Asia-Pacific

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in Asia-Pacific; increasing 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; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports expanded sharply to $X in 2022. Total imports indicated a notable expansion 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 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Japan (X litres), China (X litres), Australia (X litres), India (X litres) and the Philippines (X litres) was the major importer of spirits, liqueurs and other spirituous beverages in Asia-Pacific, creating X% of total import. It was distantly followed by Singapore (X litres), South Korea (X litres) and Taiwan (Chinese) (X litres), together committing a X% share of total imports.

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

In value terms, the largest spirits and liqueurs importing markets in Asia-Pacific were China ($X), Singapore ($X) and Australia ($X), together accounting for X% of total imports. Japan, Taiwan (Chinese), India, South Korea and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, 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

In 2022, the import price in Asia-Pacific amounted to $X per litre, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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