Greece: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Greece

The Greek spirits and liqueurs market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption faced a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Spirits And Liqueurs Production in Greece

In value terms, spirits and liqueurs production soared to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous shrinkage. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Greece

For the fifth year in a row, Greece recorded growth in overseas shipments of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 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 the near future.

In value terms, spirits and liqueurs exports dropped slightly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X litres) was the main destination for spirits and liqueurs exports from Greece, with a X% share of total exports. Moreover, spirits and liqueurs exports to Germany exceeded the volume sent to the second major destination, Iraq (X litres), twofold. The third position in this ranking was taken by Bulgaria (X litres), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Bulgaria (X% per year).

In value terms, Germany ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Greece, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports. It was followed by Bulgaria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Germany ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Greece

In 2022, overseas purchases of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second year in a row after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. 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 at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spirits and liqueurs imports surged to $X in 2022. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The UK (X litres), Italy (X litres) and Ireland (X litres) were the main suppliers of spirits and liqueurs imports to Greece, together comprising X% of total imports. Spain, the Netherlands, Germany, France, Latvia, Sweden, Poland, Mexico, Belgium and the United States lagged somewhat behind, together comprising a further X%.

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 UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Greece, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :