Report Update Nov 1, 2024

Hungary - Gin and Geneva - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Gin And Geneva Market 2024

Gin And Geneva Market Size in Hungary

The Hungarian gin and geneva market stood at $X in 2022, with an increase of 9.5% against the previous year. In general, consumption recorded a buoyant expansion. Gin and geneva consumption peaked in 2022 and is expected to retain growth in the immediate term.

Gin And Geneva Production in Hungary

In value terms, gin and geneva production contracted to $X in 2022 estimated in export price. In general, production, however, saw a significant contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 9.6%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Gin And Geneva Exports

Exports from Hungary

In 2022, overseas shipments of gin and geneva increased by 15% to X litres, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 150% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, gin and geneva exports soared to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 119%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Slovakia (X litres) was the main destination for gin and geneva exports from Hungary, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled +20.5%.

In value terms, Slovakia ($X) also remains the key foreign market for gin and geneva exports from Hungary.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at +23.2%.

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +2.2% per year.

Gin And Geneva Imports

Imports into Hungary

In 2022, imports of gin and geneva into Hungary skyrocketed to X litres, rising by 25% compared with 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, gin and geneva imports skyrocketed to $X in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X litres) constituted the largest supplier of gin and geneva to Hungary, with a 46% share of total imports. Moreover, gin and geneva imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X litres), threefold. The third position in this ranking was taken by Romania (X litres), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.2% per year) and Romania (+69.9% per year).

In value terms, the largest gin and geneva suppliers to Hungary were Germany ($X), the UK ($X) and Romania ($X), with a combined 50% share of total imports. The Netherlands, Italy, Spain, France, Austria and Slovakia lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Spain, with a CAGR of +138.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, falling by -3.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 26%. The import price peaked at $X per litre in 2019; however, from 2020 to 2022, import prices remained at a 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 the Netherlands ($X per litre), while the price for Slovakia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gin and geneva in the world?

The United States remains the largest gin and geneva consuming country worldwide, comprising approx. 78% of total volume. Moreover, gin and geneva consumption in the United States exceeded the figures recorded by the second-largest consumer, India, more than tenfold. Japan ranked third in terms of total consumption with a 1.8% share.

What are the largest producers of gin and geneva in the world?

The country with the largest volume of gin and geneva production was the United States, comprising approx. 77% of total volume. Moreover, gin and geneva production in the United States exceeded the figures recorded by the second-largest producer, the UK, more than tenfold. India ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of gin and geneva to Hungary?

In value terms, the largest gin and geneva suppliers to Hungary were the UK, Italy and Germany, together accounting for 65% of total imports. The Netherlands, Romania, Austria and Slovakia lagged somewhat behind, together accounting for a further 23%.

What are the leading importers of gin and geneva from Hungary?

In value terms, Slovakia remains the key foreign market for gin and geneva exports from Hungary.

What is the average export price for gin and geneva in Hungary?

In 2021, the average gin and geneva export price amounted to $3.4 per litre, rising by 9.7% against the previous year.

What is the average import price for gin and geneva in Hungary?

The average gin and geneva import price stood at $4.8 per litre in 2021, picking up by 14% against the previous year.

This report provides an in-depth analysis of the gin and geneva market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023