EU: Gin And Geneva Market 2024

Gin And Geneva Market Size in the EU

In 2022, the EU gin and geneva market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +4.3% over the period 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 peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Gin And Geneva Production in the EU

In value terms, gin and geneva production dropped to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +67.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Gin And Geneva Exports

Exports in the EU

In 2022, approx. X litres of gin and geneva were exported in the European Union; surging by 9% against the year before. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, gin and geneva exports rose rapidly to $X in 2022. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 42%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X litres), France (X litres), Spain (X litres), the Netherlands (X litres), Italy (X litres) and Belgium (X litres) represented roughly 82% of total exports in 2022. Luxembourg (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Luxembourg (with a CAGR of +71.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined 52% share of total exports. These countries were followed by the Netherlands, France, Belgium and Luxembourg, which together accounted for a further 31%.

Among the main exporting countries, Luxembourg, with a CAGR of +69.7%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per litre, increasing by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per litre), while Luxembourg ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the other leaders experienced more modest paces of growth.

Gin And Geneva Imports

Imports in the EU

Gin and geneva imports surged to X litres in 2022, increasing by 18% compared with the year before. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, gin and geneva imports soared to $X in 2022. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

The purchases of the three major importers of gin and geneva, namely Germany, Italy and Spain, represented more than third of total import. The Netherlands (X litres) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by France (6.5%). Luxembourg (X litres), Belgium (X litres), Denmark (X litres), Greece (X litres), Portugal (X litres), the Czech Republic (X litres), Sweden (X litres) and Romania (X litres) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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 the European Union were Italy ($X), Spain ($X) and Germany ($X), with a combined 52% share of total imports. These countries were followed by the Netherlands, France, Belgium, Denmark, Greece, Portugal, Romania, Luxembourg, the Czech Republic and Sweden, which together accounted for a further 34%.

Romania, with a CAGR of +40.3%, recorded the highest rates of growth with regard to 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 the European Union stood at $X per litre in 2022, reducing by -2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 8.2% against the previous year. Over the period under review, import prices reached the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per litre), while Luxembourg ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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