China: Gin And Geneva Market 2024

Gin And Geneva Exports

Exports from China

In 2022, approx. X litres of gin and geneva were exported from China; growing by 24% compared with the year before. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 505% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, gin and geneva exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 536% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Ireland (X litres) was the main destination for gin and geneva exports from China, accounting for a 46% share of total exports. Moreover, gin and geneva exports to Ireland exceeded the volume sent to the second major destination, the UK (X litres), fourfold. Indonesia (X litres) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland stood at +239.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+224.2% per year) and Indonesia (+467.8% per year).

In value terms, Ireland ($X) remains the key foreign market for gin and geneva exports from China, comprising 47% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Indonesia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +182.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+285.3% per year) and Indonesia (+549.9% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, flattening at the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per litre. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to Ireland ($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 UK (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into China

In 2022, the amount of gin and geneva imported into China stood at X litres, remaining stable against the previous year's figure. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports reduced to $X in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to China, accounting for a 67% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, South Africa (X litres), sixfold. Ireland (X litres) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+120.2% per year) and Ireland (+95.1% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to China, comprising 64% of total imports. The second position in the ranking was taken by South Africa ($X), with an 11% share of total imports. It was followed by Spain, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+101.2% per year) and Spain (+41.9% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, which is down by -8.5% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gin and geneva import price increased by +2.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 32%. Over the period under review, average import prices reached the maximum at $X per litre in 2021, and then contracted in the following year.

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 Spain ($X per litre), while the price for Ireland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :