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

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

The Belgian market for spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022, picking up by 125% against the previous year. Over the period under review, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Belgium

In value terms, production of spirits, liqueurs and other spirituous beverages reduced to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 77% against the previous year. Production of peaked at $X in 2021, and then contracted in the following year.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Belgium

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by -47.6% to X litres for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 82% against the previous year. Over the period under review, the exports of attained the maximum at X litres in 2021, and then contracted markedly in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages contracted sharply to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 127%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Nigeria (X litres), the UK (X litres) and the Netherlands (X litres) were the main destinations of exports of spirits, liqueurs and other spirituous beverages from Belgium, with a combined 53% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +94.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Luxembourg ($X), the Netherlands ($X) and the UK ($X) constituted the largest markets for spirits, liqueurs and other spirituous beverages exported from Belgium worldwide, with a combined 63% share of total exports. These countries were followed by Nigeria, Australia, France, Germany and Ghana, which together accounted for a further 19%.

In terms of the main countries of destination, Nigeria, with a CAGR of +53.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, dropping by -16.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 44% against the previous year. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per litre), while the average price for exports to Australia ($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 the Netherlands (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Belgium

In 2022, overseas purchases of spirits, liqueurs and other spirituous beverages decreased by -8.1% to X litres for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 115% against the previous year. Over the period under review, imports of reached the peak figure at X litres in 2021, and then shrank in the following year.

In value terms, imports of spirits, liqueurs and other spirituous beverages contracted to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period 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 2021 when imports increased by 32%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

France (X litres), Italy (X litres) and Germany (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Belgium, with a combined 75% share of total imports. The Netherlands, Sweden, Luxembourg and Mexico lagged somewhat behind, together comprising a further 20%.

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 +27.6%), 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 Belgium were France ($X), Italy ($X) and Germany ($X), together accounting for 58% of total imports. These countries were followed by the Netherlands, Luxembourg, Sweden and Mexico, which together accounted for a further 33%.

In terms of the main suppliers, Sweden, with a CAGR of +21.8%, recorded the highest growth rate of 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 import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, growing by 8.1% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per litre), while the price for Italy ($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 (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform