Eastern Europe: Gin And Geneva Market 2024

Gin And Geneva Market Size in Eastern Europe

The East European gin and geneva market amounted to $X in 2022, rising by 8.2% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Gin And Geneva Production in Eastern Europe

In value terms, gin and geneva production rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Gin And Geneva Exports

Exports in Eastern Europe

After six years of growth, overseas shipments of gin and geneva decreased by -1.2% to X litres in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 32%. The volume of export peaked at X litres in 2021, and then shrank slightly in the following year.

In value terms, gin and geneva exports expanded significantly to $X in 2022. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Russia (X litres), distantly followed by Latvia (X litres), Romania (X litres), the Czech Republic (X litres), Estonia (X litres), Lithuania (X litres), Slovakia (X litres) and Hungary (X litres) were the largest exporters of gin and geneva, together mixing up 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Romania ($X) and Estonia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 63% of total exports.

Romania, with a CAGR of +79.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per litre in 2022, jumping by 16% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per litre), while Russia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+8.3%), while the other leaders experienced more modest paces of growth.

Gin And Geneva Imports

Imports in Eastern Europe

For the eighth year in a row, Eastern Europe recorded growth in supplies from abroad of gin and geneva, which increased by 9.2% to X litres in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 30%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, gin and geneva imports amounted to $X in 2022. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Russia (X litres), the Czech Republic (X litres), Romania (X litres), Slovakia (X litres), Hungary (X litres), Poland (X litres), Latvia (X litres), Ukraine (X litres), Bulgaria (X litres), Estonia (X litres) and Lithuania (X litres) represented roughly 99% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gin and geneva importing markets in Eastern Europe were Romania ($X), Russia ($X) and the Czech Republic ($X), with a combined 44% share of total imports.

Among the main importing countries, Romania, with a CAGR of +40.3%, saw the highest growth rate of 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 import price in Eastern Europe amounted to $X per litre, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Latvia ($X per litre), while Russia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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