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

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

The Canadian market for spirits, liqueurs and other spirituous beverages expanded remarkably to $X in 2022, increasing by 6.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; afterwards, it flattened through to 2022.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Canada

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 showed a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 57% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Canada

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by -9.2% to X litres for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. The exports peaked at X litres in 2021, and then shrank in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages fell to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 40%. Over the period under review, the exports of reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

The United States (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Canada, accounting for a approx. 91% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +5.3%.

In value terms, the United States ($X) also remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +5.7%.

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, dropping by -2.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 5%. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.4% per year.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Canada

In 2022, imports of spirits, liqueurs and other spirituous beverages into Canada was estimated at X litres, rising by 2.3% on 2021. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 82%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages reached $X in 2022. Overall, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +74.2% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X litres), the United States (X litres) and France (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Canada, with a combined 62% share of total imports. These countries were followed by Ireland, Sweden, Italy, China, Germany and the UK, which together accounted for a further 26%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the United States ($X) and France ($X) were the largest spirits, liqueurs and other spirituous beverages suppliers to Canada, with a combined 61% share of total imports. These countries were followed by Ireland, Sweden, Italy, China, Germany and the UK, which together accounted for a further 27%.

China, with a CAGR of +17.9%, 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, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per litre) and Ireland ($X per litre), while the price for Sweden ($X per litre) and France ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform