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Report Asia-Pacific - Whisky - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Asia-Pacific - Whisky - Market Analysis, Forecast, Size, Trends and Insights

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Asia-Pacific: Whisky Market 2024

Whisky Market Size in Asia-Pacific

The Asia-Pacific whisky market expanded notably to $X in 2022, with an increase of 6.3% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.6% against 2013 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Whisky Production in Asia-Pacific

In value terms, whisky production reached $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 34%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Whisky Exports

Exports in Asia-Pacific

In 2022, the amount of whisky exported in Asia-Pacific declined modestly to X litres, waning by -1.6% against 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14%. The volume of export peaked at X litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, whisky exports soared to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the major exporter of whisky in Asia-Pacific, with the volume of exports reaching X litres, which was approx. 48% of total exports in 2022. It was distantly followed by Singapore (X litres), Japan (X litres) and Thailand (X litres), together committing a 40% share of total exports. China (X litres), Australia (X litres) and Hong Kong SAR (X litres) took a minor share of total exports.

Exports from India increased at an average annual rate of +6.9% from 2012 to 2022. At the same time, China (+46.1%) and Japan (+23.2%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +46.1% from 2012-2022. Thailand and Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Australia (-3.8%) and Singapore (-4.9%) illustrated a downward trend over the same period. India (+19 p.p.), Japan (+11 p.p.) and China (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Australia and Singapore saw its share reduced by -2.2% and -21.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest whisky supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports. It was followed by India, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at +3.3%. In the other countries, the average annual rates were as follows: Japan (+30.0% per year) and India (+0.7% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per litre, increasing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while India ($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 (+8.8%), while the other leaders experienced more modest paces of growth.

Whisky Imports

Imports by Country

In 2022, Japan (X litres), India (X litres), Australia (X litres), China (X litres), Singapore (X litres), Taiwan (Chinese) (X litres), South Korea (X litres), Thailand (X litres), the Philippines (X litres), Malaysia (X litres) and New Zealand (X litres) was the largest importer of whisky in Asia-Pacific, constituting 95% of total import.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest whisky importing markets in Asia-Pacific were Singapore ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 49% of total imports. These countries were followed by Japan, Australia, India, South Korea, Malaysia, Thailand, New Zealand and the Philippines, which together accounted for a further 43%.

In terms of the main importing countries, the Philippines, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India constituted the country with the largest volume of whisky consumption, accounting for 30% of total volume. Moreover, whisky consumption in India exceeded the figures recorded by the second-largest consumer, Japan, twofold. Indonesia ranked third in terms of total consumption with a 14% share.
The countries with the highest volumes of in 2021 were India, Indonesia and Japan, together comprising 69% of total production. These countries were followed by Pakistan, Bangladesh, Thailand and Malaysia, which together accounted for a further 30%.
In value terms, Japan remains the largest whisky supplier in Asia-Pacific, comprising 38% of total exports. The second position in the ranking was occupied by Malaysia, with a 15% share of total exports. It was followed by Singapore, with a 12% share.
In value terms, the largest whisky importing markets in Asia-Pacific were Singapore, Taiwan Chinese) and China, with a combined 49% share of total imports.
In 2021, the export price in Asia-Pacific amounted to $13 per litre, jumping by 46% against the previous year.
The import price in Asia-Pacific stood at $10 per litre in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the whisky market in Asia-Pacific. 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 11011030 - Whisky (important: excluding alcohol duty)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia-Pacific, split by region and country
  • Trade (exports and imports) in Asia-Pacific
  • 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. CONSUMPTION BY COUNTRY
    3. 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
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Australia
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cook Islands
    • Fiji
    • French Polynesia
    • India
    • Indonesia
    • Japan
    • Kiribati
    • Malaysia
    • Maldives
    • Marshall Islands
    • Micronesia
    • Myanmar
    • Nepal
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Pakistan
    • Palau
    • Papua New Guinea
    • Philippines
    • Samoa
    • Singapore
    • Solomon Islands
    • South Korea
    • Sri Lanka
    • Taiwan (Chinese)
    • Thailand
    • Timor-Leste
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Vietnam
    • Wallis and Futuna Islands
    • Lao People's Democratic Republic
    • American Samoa
    • Democratic People's Republic of Korea
    • Nauru
    • Niue
    • Guam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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