Canada: Gin And Geneva Market 2024

Gin And Geneva Market Size in Canada

In 2022, the Canadian gin and geneva market decreased by -3.7% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in Canada

In value terms, gin and geneva production reduced slightly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 41%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gin And Geneva Exports

Exports from Canada

In 2022, overseas shipments of gin and geneva increased by 87% to X litres, rising for the seventh year in a row after two years of decline. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. 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) was the main destination for gin and geneva exports from Canada, accounting for a 95% share of total exports. It was followed by France (X litres), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +25.5%.

In value terms, the United States ($X) remains the key foreign market for gin and geneva exports from Canada, comprising 95% of total exports. The second position in the ranking was held by France ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +37.0%.

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, standing approx. at the previous year. Overall, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2015 when the average export price increased by 54%. The export price peaked at $X per litre in 2021, and then declined slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to France stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.7%).

Gin And Geneva Imports

Imports into Canada

In 2022, the amount of gin and geneva imported into Canada expanded notably to X litres, increasing by 8.1% compared with the previous year's figure. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 47%. Imports peaked at X litres in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, gin and geneva imports expanded modestly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2012 indices. The pace of growth was the most pronounced in 2020 with an increase of 13%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Canada, with a 86% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.4% per year) and Italy (+230.4% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Canada, comprising 86% of total imports. The second position in the ranking was taken by the United States ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+28.8% per year) and Italy (+226.4% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, shrinking by -3% against the previous year. Overall, the import price showed a deep downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 11%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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