France: Gin And Geneva Market 2024

Gin And Geneva Market Size in France

In 2022, the French gin and geneva market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate slight growth. Gin and geneva consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in France

In value terms, gin and geneva production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then dropped in the following year.

Gin And Geneva Exports

Exports from France

In 2022, approx. X litres of gin and geneva were exported from France; picking up by 6.8% compared with the year before. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2019 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gin and geneva exports contracted to $X in 2022. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Italy (X litres), the United States (X litres) and the UK (X litres) were the main destinations of gin and geneva exports from France, with a combined 31% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +54.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for gin and geneva exports from France, comprising 20% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.4% 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 to the United States stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+45.9% per year) and Spain (-3.9% per year).

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, waning by -11.2% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gin and geneva export price increased by +13.1% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per litre, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Togo ($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 Australia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into France

In 2022, approx. X litres of gin and geneva were imported into France; rising by 17% on 2021 figures. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gin and geneva imports fell to $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to France, accounting for a 71% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X litres), ninefold. The third position in this ranking was held by Italy (X litres), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Italy (+69.1% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to France, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.5% per year) and Italy (+61.4% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, falling by -16.1% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, average import prices reached the peak figure at $X per litre in 2018; however, from 2019 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 Japan ($X per litre), while the price for the United States ($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 United States (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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