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

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

In 2022, the Australian market for spirits, liqueurs and other spirituous beverages decreased by -2.3% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined slightly in the following year.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Australia

In value terms, production of spirits, liqueurs and other spirituous beverages dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 144%. Over the period under review, production of reached 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 from Australia

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Australia; rising by 1.6% against 2021 figures. Over the period under review, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports of reached the peak figure at X litres in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of spirits, liqueurs and other spirituous beverages rose slightly to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +76.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Australia, accounting for a 43% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to New Zealand exceeded the volume sent to the second major destination, Macao SAR (X litres), threefold. The third position in this ranking was taken by the United States (X litres), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+79.9% per year) and the United States (+18.4% per year).

In value terms, New Zealand ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Australia, comprising 40% of total exports. The second position in the ranking was taken by Macao SAR ($X), with an 18% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+61.0% per year) and the United States (+28.9% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, leveling off at the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 an increase of 38%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Australia

Imports of spirits, liqueurs and other spirituous beverages into Australia totaled X litres in 2022, increasing by 1.6% on 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico (X litres), France (X litres) and China (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Australia, with a combined 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +67.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits, liqueurs and other spirituous beverages suppliers to Australia were Mexico ($X), France ($X) and China ($X), with a combined 46% share of total imports. The United States, the UK, Italy, Belgium, Sweden, Japan, Ireland, Spain, the Netherlands and New Zealand lagged somewhat behind, together comprising a further 45%.

Belgium, with a CAGR of +62.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, picking up by 17% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +24.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Ireland ($X per litre) and Spain ($X per litre), while the price for Sweden ($X per litre) and France ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform