Canada: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Canada

The Canadian spirits and liqueurs market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Spirits And Liqueurs Production in Canada

In value terms, spirits and liqueurs production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Canada

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The United States (X litres) was the main destination for spirits and liqueurs exports from Canada, with a X% share of total exports. Moreover, spirits and liqueurs exports to the United States exceeded the volume sent to the second major destination, Japan (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, approximately mirroring the previous year. In general, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Spirits And Liqueurs Imports

Imports into Canada

For the eighth consecutive year, Canada recorded growth in purchases abroad of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2022. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, spirits and liqueurs imports soared to $X in 2022. In general, total imports indicated temperate 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X litres), the UK (X litres) and Mexico (X litres) were the main suppliers of spirits and liqueurs imports to Canada, with a combined X% share of total imports. France, Ireland, Sweden, Italy, China and Latvia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and France ($X) constituted the largest spirits and liqueurs suppliers to Canada, together accounting for X% of total imports. Mexico, Ireland, Italy, Sweden, China and Latvia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, 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, growing by X% against the previous year. Overall, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($X per litre), while the price for Latvia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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