Belgium: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Belgium

The Belgian spirits and liqueurs market surged to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Spirits And Liqueurs Production in Belgium

In value terms, spirits and liqueurs production expanded rapidly to $X in 2022 estimated in export price. Overall, production posted a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Spirits and liqueurs production peaked in 2022 and is expected to retain growth in years to come.

Spirits And Liqueurs Exports

Exports from Belgium

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X litres in 2021, and then fell in the following year.

In value terms, spirits and liqueurs exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The Netherlands (X litres), the UK (X litres) and Luxembourg (X litres) were the main destinations of spirits and liqueurs exports from Belgium, with a combined X% share of total exports. Nigeria, France, Italy, Germany, Spain, Austria, Australia, Ghana, Denmark and Togo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Belgium, comprising X% of total exports. The second position in the ranking was held by Luxembourg ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, surging by X% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 France ($X per litre), while the average price for exports to Nigeria ($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 France (X%), while the prices for the other major destinations experienced a decline.

Spirits And Liqueurs Imports

Imports into Belgium

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X litres in 2021, and then contracted in the following year.

In value terms, spirits and liqueurs imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% over the period 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 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X litres), Germany (X litres) and Italy (X litres) were the main suppliers of spirits and liqueurs imports to Belgium, together accounting for X% of total imports. The UK, the Netherlands, Luxembourg, Sweden and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest spirits and liqueurs suppliers to Belgium were France ($X), Italy ($X) and Germany ($X), together comprising X% of total imports. The Netherlands, the UK, Luxembourg, Sweden and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 spirits and liqueurs import price amounted to $X per litre, rising by X% against the previous year. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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