Australia and Oceania: Gin And Geneva Market 2024

Gin And Geneva Market Size in Australia and Oceania

In 2022, the gin and geneva market in Australia and Oceania increased by 6% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Gin And Geneva Production in Australia and Oceania

In value terms, gin and geneva production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when the production volume increased by 65%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports in Australia and Oceania

In 2022, gin and geneva exports in Australia and Oceania was estimated at X litres, rising by 11% compared with 2021. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The volume of export peaked at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gin and geneva exports rose notably to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia was the key exporting country with an export of about X litres, which resulted at 88% of total exports. It was distantly followed by New Zealand (X litres), creating a 12% share of total exports.

Exports from Australia increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, New Zealand (+14.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +14.1% from 2012-2022. While the share of New Zealand (+7.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-7.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest gin and geneva supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total exports.

In Australia, gin and geneva exports increased at an average annual rate of +9.9% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per litre in 2022, with an increase of 2% against the previous year. Over the period under review, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 65%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per litre), while Australia stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.8%).

Gin And Geneva Imports

Imports in Australia and Oceania

In 2022, imports of gin and geneva in Australia and Oceania rose markedly to X litres, with an increase of 13% on the year before. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 18%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, gin and geneva imports expanded notably to $X in 2022. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 53% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Australia was the major importing country with an import of around X litres, which reached 73% of total imports. It was distantly followed by New Zealand (X litres), constituting a 25% share of total imports.

Australia was also the fastest-growing in terms of the gin and geneva imports, with a CAGR of +6.1% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Australia increased by +13 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported gin and geneva in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +12.4%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per litre, flattening at the previous year. Overall, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by 67%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per litre), while Australia stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :