Denmark: Gin And Geneva Market 2024

Gin And Geneva Market Size in Denmark

The Danish gin and geneva market fell dramatically to $X in 2022, with a decrease of -15.3% against the previous year. Over the period under review, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank rapidly in the following year.

Gin And Geneva Production in Denmark

In value terms, gin and geneva production shrank dramatically to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 416% against the previous year. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Gin And Geneva Exports

Exports from Denmark

In 2022, shipments abroad of gin and geneva increased by 12% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, gin and geneva exports stood at $X in 2022. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 78% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X litres) was the main destination for gin and geneva exports from Denmark, with a 60% share of total exports. Moreover, gin and geneva exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X litres), fourfold. The third position in this ranking was held by Finland (X litres), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+19.9% per year) and Finland (+4.9% per year).

In value terms, Germany ($X) remains the key foreign market for gin and geneva exports from Denmark, comprising 62% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports. It was followed by Finland, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.2% per year) and Finland (+5.0% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, stabilizing at the previous year. In general, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $X per litre in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per litre), while the average price for exports to Latvia ($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 Germany (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Denmark

Gin and geneva imports into Denmark dropped slightly to X litres in 2022, standing approx. at the previous year's figure. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at X litres in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, gin and geneva imports reduced to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

The UK (X litres), Germany (X litres) and Italy (X litres) were the main suppliers of gin and geneva imports to Denmark, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Denmark, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.8% per year) and Spain (+21.7% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, waning by -13.5% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 28% against the previous year. The import price peaked at $X per litre in 2021, and then fell 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 ($X per litre), while the price for Lithuania ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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