GCC: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in GCC

The GCC market for spirits, liqueurs and other spirituous beverages rose modestly to $X in 2022, picking up by 3.8% against the previous year. In general, consumption showed a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Spirits, Liqueurs And Other Spirituous Beverages in GCC

In value terms, production of spirits, liqueurs and other spirituous beverages declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in GCC

Exports of spirits, liqueurs and other spirituous beverages declined significantly to X litres in 2022, waning by -50.4% against 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 116% against the previous year. Over the period under review, the exports of reached the peak figure at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages dropped to $X in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 30%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of spirits, liqueurs and other spirituous beverages in GCC, with the volume of exports reaching X litres, which was approx. 87% of total exports in 2022. It was distantly followed by Saudi Arabia (X litres), achieving an 11% share of total exports. Bahrain (X litres) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages exports from the United Arab Emirates stood at -10.6%. At the same time, Bahrain (+38.9%) and Saudi Arabia (+14.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +38.9% from 2012-2022. While the share of Saudi Arabia (+10 p.p.) and Bahrain (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-11.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest spirits, liqueurs and other spirituous beverages supplier in GCC, comprising 94% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 3.6% share of total exports.

In the United Arab Emirates, exports of spirits, liqueurs and other spirituous beverages decreased by an average annual rate of -6.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+4.7% per year) and Bahrain (+29.0% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per litre, jumping by 78% against the previous year. Overall, the export price recorded a moderate increase. The level of export peaked at $X per litre in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while Saudi Arabia ($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 Arab Emirates (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in GCC

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported in GCC surged to X litres, growing by 20% on the previous year's figure. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The United Arab Emirates dominates beverages structure, finishing at X litres, which was approx. 84% of total imports in 2022. It was distantly followed by Oman (X litres), creating a 5.3% share of total imports. Qatar (X litres), Bahrain (X litres) and Kuwait (X litres) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages imports into the United Arab Emirates stood at +10.1%. At the same time, Kuwait (+19.0%), Oman (+13.7%), Bahrain (+3.4%) and Qatar (+3.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +19.0% from 2012-2022. While the share of the United Arab Emirates (+3.5 p.p.) and Oman (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-3.1 p.p.) and Qatar (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in GCC, comprising 89% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 4.2% share of total imports. It was followed by Qatar, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +7.8%. In the other countries, the average annual rates were as follows: Bahrain (+6.0% per year) and Qatar (-2.0% per year).

Import Prices by Country

The import price in GCC stood at $X per litre in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. Over the period under review, import prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while Oman ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform