Europe: Gin And Geneva Market 2024

Gin And Geneva Market Size in Europe

The Europe gin and geneva market was finally on the rise to reach $X in 2022, 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Gin And Geneva Production in Europe

In value terms, gin and geneva production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then contracted slightly in the following year.

Gin And Geneva Exports

Exports in Europe

In 2022, the amount of gin and geneva exported in Europe skyrocketed to X litres, increasing by 20% against 2021. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva exports soared to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +35.2% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The UK dominates exports structure, accounting for X litres, which was near 68% of total exports in 2022. Germany (X litres) ranks second in terms of the total exports with a 6.9% share, followed by France (4.7%). Spain (X litres), the Netherlands (X litres), Italy (X litres) and Belgium (X litres) held a little share of total exports.

Exports from the UK increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, Italy (+33.6%), Spain (+19.4%), Belgium (+18.0%), the Netherlands (+14.3%), France (+9.6%) and Germany (+6.4%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of +33.6% from 2012-2022. Italy (+2.8 p.p.) and Spain (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Germany and the UK saw its share reduced by -1.8% and -9.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) remains the largest gin and geneva supplier in Europe, comprising 59% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in the UK stood at +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+9.9% per year) and Spain (+28.0% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per litre, waning by -2.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.5%. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the export prices remained 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 Spain ($X per litre), while Belgium ($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 Europe

In 2022, imports of gin and geneva in Europe expanded notably to X litres, increasing by 9.5% against the previous year. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports rose remarkably to $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X litres), Italy (X litres) and Spain (X litres) represented roughly 43% of total imports in 2022. It was followed by the Netherlands (X litres) and France (X litres), together mixing up a 14% share of total imports. The following importers - Luxembourg (X litres), Belgium (X litres), the UK (X litres), Russia (X litres), Denmark (X litres), Greece (X litres), Portugal (X litres) and the Czech Republic (X litres) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together accounting for 47% of total imports.

In terms of the main importing countries, Italy, with a CAGR of +28.8%, recorded the highest rates of growth with regard to 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

The import price in Europe stood at $X per litre in 2022, surging by 2.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 8.4% against the previous year. The level of import peaked at $X per litre in 2012; however, from 2013 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 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