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

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

The Brazilian market for spirits, liqueurs and other spirituous beverages contracted slightly to $X in 2022, dropping by -4.8% against the previous year. Over the period under review, consumption saw a noticeable downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Brazil

In value terms, production of spirits, liqueurs and other spirituous beverages reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Brazil

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by 47% to X litres, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +82.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X litres), Paraguay (X litres) and Bolivia (X litres) were the main destinations of exports of spirits, liqueurs and other spirituous beverages from Brazil, together accounting for 60% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from Brazil were Paraguay ($X), the United States ($X) and Bolivia ($X), together comprising 57% of total exports.

The United States, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, falling by -1.5% against the previous year. In general, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 11% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per litre), while the average price for exports to Jamaica ($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 Jamaica (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Brazil

Imports of spirits, liqueurs and other spirituous beverages into Brazil surged to X litres in 2022, growing by 36% compared with the previous year's figure. Overall, imports recorded a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 107% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. Over the period under review, imports saw perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Sweden (X litres), the United States (X litres) and Mexico (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Brazil, together accounting for 56% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +48.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Spain ($X) were the largest spirits, liqueurs and other spirituous beverages suppliers to Brazil, with a combined 45% share of total imports.

The United States, with a CAGR of +40.9%, recorded the highest rates of growth with regard to 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

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, increasing by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 35%. The import price peaked at $X per litre in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per litre), while the price for Sweden ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform