Belarus: Gin And Geneva Market 2024

Gin And Geneva Market Size in Belarus

The Belarusian gin and geneva market rose notably to $X in 2022, picking up by 12% against the previous year. Overall, consumption, however, showed a mild curtailment. Gin and geneva consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in Belarus

In value terms, gin and geneva production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Gin And Geneva Exports

Exports from Belarus

In 2022, shipments abroad of gin and geneva decreased by -24.4% to X litres, falling for the second year in a row after nine years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 155% against the previous year. The exports peaked at X litres in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, gin and geneva exports declined significantly to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 155% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X litres) and Russia (X litres) were the main destinations of gin and geneva exports from Belarus.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +94.9%).

In value terms, the largest markets for gin and geneva exported from Belarus were Ukraine ($X) and Russia ($X).

Among the main countries of destination, Russia, with a CAGR of +82.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, declining by -2.8% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per litre), while the average price for exports to Ukraine totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.1%), while the prices for the other major destinations experienced a decline.

Gin And Geneva Imports

Imports into Belarus

For the seventh year in a row, Belarus recorded growth in purchases abroad of gin and geneva, which increased by 19% to X litres in 2022. Overall, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of 48%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, gin and geneva imports soared to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 53% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest gin and geneva supplier to Belarus, accounting for a 72% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, France (X litres), sixfold. The third position in this ranking was held by Italy (X litres), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.5% per year) and Italy (+221.1% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Belarus, comprising 83% of total imports. The second position in the ranking was taken by France ($X), with a 5.6% share of total imports. It was followed by Spain, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.5% per year) and Spain (+36.4% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, jumping by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 21%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per litre), while the price for the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :