Germany: Gin And Geneva Market 2024

Gin And Geneva Market Size in Germany

The German gin and geneva market skyrocketed to $X in 2022, surging by 109% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Gin And Geneva Production in Germany

In value terms, gin and geneva production declined to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 192% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.

Gin And Geneva Exports

Exports from Germany

In 2022, exports of gin and geneva from Germany reached X litres, rising by 13% on 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +18.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gin and geneva exports surged to $X in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 27%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X litres), Belgium (X litres) and Spain (X litres) were the main destinations of gin and geneva exports from Germany, together accounting for 32% of total exports. Denmark, Austria, Luxembourg, Italy, France, Switzerland, Croatia, Poland, Hungary and the Czech Republic lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +28.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Belgium ($X) were the largest markets for gin and geneva exported from Germany worldwide, with a combined 31% share of total exports. Italy, Austria, Switzerland, Denmark, Luxembourg, France, Croatia, Hungary, Poland and the Czech Republic lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Luxembourg, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of exports, 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 gin and geneva export price amounted to $X per litre, with an increase of 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2017; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per litre), while the average price for exports to Poland ($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 Italy (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Germany

In 2022, gin and geneva imports into Germany rose significantly to X litres, picking up by 14% against the previous year. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, gin and geneva imports rose markedly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 61%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest gin and geneva supplier to Germany, with a 83% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Spain (X litres), more than tenfold. The third position in this ranking was taken by the Netherlands (X litres), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.4% per year) and the Netherlands (+8.6% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Germany, comprising 65% of total imports. The second position in the ranking was taken by Spain ($X), with a 12% share of total imports. It was followed by Italy, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+52.6% per year) and Italy (+239.0% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, declining by -5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per litre in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per litre), while the price for the UK ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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