Eastern Europe: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Eastern Europe

The East European spirits and liqueurs market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Eastern Europe

In value terms, spirits and liqueurs production rose notably to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in Eastern Europe

In 2022, spirits and liqueurs exports in Eastern Europe dropped markedly to X litres, shrinking by X% compared with 2021. Overall, exports saw a slight decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X litres, and then reduced notably in the following year.

In value terms, spirits and liqueurs exports shrank to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X litres), Russia (X litres) and Latvia (X litres) was the main exporter of spirits, liqueurs and other spirituous beverages in Eastern Europe, making up X% of total export. It was distantly followed by Ukraine (X litres), the Czech Republic (X litres) and Lithuania (X litres), together constituting a X% share of total exports. Moldova (X litres), Estonia (X litres) and Bulgaria (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs supplying countries in Eastern Europe were Latvia ($X), Poland ($X) and Russia ($X), with a combined X% share of total exports. Lithuania, the Czech Republic, Ukraine, Estonia, Moldova and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports in Eastern Europe

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in Eastern Europe; surging by X% on the previous year. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, spirits and liqueurs imports fell to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Russia represented the major importer of spirits, liqueurs and other spirituous beverages in Eastern Europe, with the volume of imports reaching X litres, which was approx. X% of total imports in 2022. Poland (X litres) ranks second in terms of the total imports with an X% share, followed by Latvia (X%), Ukraine (X%), Romania (X%) and the Czech Republic (X%). The following importers - Hungary (X litres), Lithuania (X litres) and Estonia (X litres) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to spirits and liqueurs imports into Russia stood at X%. At the same time, Romania (X%), Hungary (X%), Poland (X%), Latvia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, Estonia (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Romania, Latvia and Hungary increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Latvia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Romania, the Czech Republic, Ukraine, Lithuania, Hungary and Estonia lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per litre in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per litre in 2014; however, from 2015 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 Romania ($X per litre), while Russia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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