Report Update Nov 1, 2024

Colombia - Gin and Geneva - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Gin And Geneva Market 2024

Gin And Geneva Exports

Exports from Colombia

In 2022, shipments abroad of gin and geneva was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 842% against the previous year. The exports peaked at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, gin and geneva exports soared to $X in 2022. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 898% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X litres) was the main destination for gin and geneva exports from Colombia, accounting for a 66% share of total exports. Moreover, gin and geneva exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X litres), sevenfold. Russia (X litres) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+45.6% per year) and Russia (+23.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for gin and geneva exports from Colombia, comprising 67% of total exports. The second position in the ranking was taken by Russia ($X), with a 5.2% share of total exports. It was followed by Luxembourg, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+32.8% per year) and Luxembourg (+59.1% per year).

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, with an increase of 5.9% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Thailand ($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 Netherlands (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Colombia

In 2022, the amount of gin and geneva imported into Colombia shrank dramatically to X litres, with a decrease of -25.4% against the previous year. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports attained the peak of X litres, and then dropped dramatically in the following year.

In value terms, gin and geneva imports shrank markedly to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 100%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Colombia, with a 82% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X litres), more than tenfold. Panama (X litres) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.4% per year) and Panama (-14.6% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Colombia, comprising 80% of total imports. The second position in the ranking was held by Panama ($X), with a 7.8% share of total imports. It was followed by Spain, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-4.7% per year) and Spain (+11.7% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $X per litre in 2020; however, from 2021 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 Panama ($X per litre), while the price for Free Zones ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gin and geneva in the world?

The United States remains the largest gin and geneva consuming country worldwide, comprising approx. 78% of total volume. Moreover, gin and geneva consumption in the United States exceeded the figures recorded by the second-largest consumer, India, more than tenfold. The third position in this ranking was occupied by Japan, with a 1.8% share.

What are the largest producers of gin and geneva in the world?

The United States constituted the country with the largest volume of gin and geneva production, comprising approx. 77% of total volume. Moreover, gin and geneva production in the United States exceeded the figures recorded by the second-largest producer, the UK, more than tenfold. India ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of gin and geneva to Colombia?

In value terms, the UK constituted the largest supplier of gin and geneva to Colombia, comprising 73% of total imports. The second position in the ranking was occupied by Panama, with a 17% share of total imports.

What are the leading importers of gin and geneva from Colombia?

In value terms, the Netherlands remains the key foreign market for gin and geneva exports from Colombia, comprising 52% of total exports. The second position in the ranking was occupied by Slovakia, with a 12% share of total exports.

What is the average export price for gin and geneva in Colombia?

The average gin and geneva export price stood at $4 per litre in 2021, remaining constant against the previous year.

What is the average import price for gin and geneva in Colombia?

The average gin and geneva import price stood at $5.3 per litre in 2021, with a decrease of -1.5% against the previous year.

This report provides an in-depth analysis of the gin and geneva market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023