Finland: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Finland

The Finnish spirits and liqueurs market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated measured 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, consumption increased by X% against 2019 indices. Spirits and liqueurs consumption peaked in 2022 and is expected to retain growth in years to come.

Spirits And Liqueurs Production in Finland

In value terms, spirits and liqueurs production rose remarkably to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Spirits And Liqueurs Exports

Exports from Finland

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Finland; increasing by X% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spirits and liqueurs exports expanded markedly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Estonia (X litres), Poland (X litres) and Sweden (X litres) were the main destinations of spirits and liqueurs exports from Finland, with a combined X% share of total exports. Latvia, Germany, Norway, Israel, Denmark, the United States, the Czech Republic, Hungary and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for spirits and liqueurs exported from Finland were Poland ($X), Estonia ($X) and Sweden ($X), with a combined X% share of total exports. Germany, Denmark, Latvia, Israel, the Czech Republic, Norway, the United States, Russia and Hungary lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, declining by X% against the previous year. Over the period under review, the export price showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per litre), while the average price for exports to Estonia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Finland

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into Finland; growing by X% on the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), the Netherlands (X litres) and the UK (X litres) were the main suppliers of spirits and liqueurs imports to Finland, with a combined X% share of total imports. The United States, Germany, Estonia, Italy, Sweden, Ireland, Denmark, Canada, Spain and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest spirits and liqueurs suppliers to Finland, together comprising X% of total imports. The United States, Italy, Germany, Denmark, Sweden, Ireland, Spain, Estonia, Canada and Lithuania lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per litre), while the price for Lithuania ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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