Europe: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Europe

The Europe spirits and liqueurs market contracted to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Europe

In value terms, spirits and liqueurs production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Spirits And Liqueurs Exports

Exports in Europe

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported in Europe; rising by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK was the major exporter of spirits, liqueurs and other spirituous beverages in Europe, with the volume of exports accounting for X litres, which was near X% of total exports in 2022. France (X litres) ranks second in terms of the total exports with an X% share, followed by Italy (X%), the Netherlands (X%), Germany (X%), Spain (X%) and Ireland (X%). Belgium (X litres), Sweden (X litres), Poland (X litres), Russia (X litres) and Latvia (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spirits and liqueurs exports from the UK stood at X%. At the same time, Belgium (X%), Italy (X%), the Netherlands (X%), Spain (X%), Poland (X%), Ireland (X%), Germany (X%), France (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Belgium, the Netherlands and Spain 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, the largest spirits and liqueurs supplying countries in Europe were the UK ($X), France ($X) and Italy ($X), together accounting for X% of total exports. The Netherlands, Germany, Ireland, Spain, Belgium, Sweden, Latvia, Poland and Russia lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Europe amounted to $X per litre, approximately reflecting the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per litre in 2014; however, from 2015 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 France ($X per litre), while Russia ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in Europe

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported in Europe stood at X litres, with an increase of X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, spirits and liqueurs imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of spirits and liqueurs imports in 2022 were Russia (X litres), Germany (X litres), France (X litres), the UK (X litres), the Netherlands (X litres), Spain (X litres), Italy (X litres), Poland (X litres) and Belgium (X litres), together recording X% of total import. The following importers - Latvia (X litres), Ukraine (X litres), Ireland (X litres) and Luxembourg (X litres) - each reached a X% share of total imports.

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

In value terms, the largest spirits and liqueurs importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. The UK, Spain, Russia, Italy, Poland, Belgium, Latvia, Ukraine, Luxembourg and Ireland lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Europe stood at $X per litre in 2022, waning by X% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per litre. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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