Israel: Gin And Geneva Market 2024

Gin And Geneva Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in overseas shipments of gin and geneva, when their volume decreased by -51.1% to X litres. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 48,838%. As a result, the exports attained the peak of X litres. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, gin and geneva exports contracted notably to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 16,333% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X litres) was the main destination for gin and geneva exports from Israel, accounting for a 68% share of total exports. Moreover, gin and geneva exports to Poland exceeded the volume sent to the second major destination, the United States (X litres), fourfold. The third position in this ranking was taken by Germany (X litres), with a 14% share.

From 2015 to 2022, the average annual growth rate of volume to Poland stood at +95.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+42.9% per year) and Germany (-24.8% per year).

In value terms, Poland ($X) emerged as the key foreign market for gin and geneva exports from Israel, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Germany, with a 14% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Poland totaled +95.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.8% per year) and Germany (-24.6% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, standing approx. at the previous year. Overall, the export price faced a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 87% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per litre in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per litre) and Poland ($X per litre), while the average price for exports to Germany ($X per litre) and the United States ($X per litre) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Gin And Geneva Imports

Imports into Israel

Gin and geneva imports into Israel amounted to X litres in 2022, increasing by 13% against the previous year's figure. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gin and geneva imports expanded markedly to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Israel, accounting for 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 Japan (X litres), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+20.4% per year) and Japan (+213.5% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Israel, comprising 83% of total imports. The second position in the ranking was taken by Spain ($X), with a 4% share of total imports. It was followed by Japan, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.5% per year) and Japan (+215.4% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, declining by -3% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gin and geneva import price increased by +35.2% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2021, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per litre) and Belgium ($X per litre), while the price for France ($X per litre) and the UK ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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