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

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

In 2022, the Irish market for spirits, liqueurs and other spirituous beverages decreased by -20.9% to $X, falling for the second year in a row after five years of growth. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.0% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Ireland

In value terms, production of spirits, liqueurs and other spirituous beverages reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 3.7% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Ireland

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by -6.6% to X litres for the first time since 2015, thus ending a six-year rising trend. In general, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +54.0% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of X litres, and then contracted in the following year.

In value terms, exports of spirits, liqueurs and other spirituous beverages reduced to $X in 2022. Overall, exports continue to indicate a mild descent. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Ireland, with a 36% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to the United States exceeded the volume sent to the second major destination, Canada (X litres), threefold. The third position in this ranking was taken by the UK (X litres), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+2.5% per year) and the UK (-5.2% per year).

It was followed by the UK, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-0.1% per year) and the UK (-10.9% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, stabilizing at the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 5% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 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 Singapore ($X per litre), while the average price for exports to Spain ($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 China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Ireland

In 2022, supplies from abroad of spirits, liqueurs and other spirituous beverages increased by 28% to X litres, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of spirits, liqueurs and other spirituous beverages contracted to $X in 2022. Over the period under review, imports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 17% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits, liqueurs and other spirituous beverages supplier to Ireland, accounting for a 65% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from the UK exceeded the figures recorded by the second-largest supplier, Italy (X litres), sixfold. The third position in this ranking was taken by Sweden (X litres), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.1% per year) and Sweden (+13.3% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Ireland, comprising 34% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.1% per year) and Germany (+2.5% per year).

Import Prices by Country

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, reducing by -32.7% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform