Australia and Oceania: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Australia and Oceania

In 2022, the market for spirits, liqueurs and other spirituous beverages in Australia and Oceania increased by 0.2% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption, however, showed a strong increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Australia and Oceania

In value terms, production of spirits, liqueurs and other spirituous beverages dropped modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 200%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in Australia and Oceania

Exports of spirits, liqueurs and other spirituous beverages dropped to X litres in 2022, which is down by -6.1% on the previous year. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. The volume of export peaked at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages contracted to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +51.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporting country with an export of around X litres, which accounted for 60% of total exports. It was distantly followed by New Zealand (X litres), creating a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Australia (with a CAGR of -4.2%).

In value terms, the largest spirits, liqueurs and other spirituous beverages supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of +3.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per litre, almost unchanged from the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spirits, liqueurs and other spirituous beverages increased by +24.4% against 2015 indices. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. The level of export peaked at $X per litre in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.1%).

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in Australia and Oceania

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in Australia and Oceania; therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +114.3% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of about X litres, which amounted to 80% of total imports. It was distantly followed by New Zealand (X litres), comprising a 15% share of total imports.

Australia was also the fastest-growing in terms of the spirits, liqueurs and other spirituous beverages imports, with a CAGR of +1.2% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of New Zealand (-2.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in Australia and Oceania, comprising 83% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +5.9%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per litre, increasing by 15% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spirits, liqueurs and other spirituous beverages increased by +18.0% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.6%).

Source: IndexBox Platform