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

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

The Italian market for spirits, liqueurs and other spirituous beverages contracted to $X in 2022, shrinking by -10.5% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Italy

In value terms, production of spirits, liqueurs and other spirituous beverages dropped to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 33% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Italy

In 2022, exports of spirits, liqueurs and other spirituous beverages from Italy soared to X litres, rising by 17% compared with 2021 figures. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, exports of spirits, liqueurs and other spirituous beverages expanded markedly to $X in 2022. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Italy, accounting for a 29% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Germany exceeded the volume sent to the second major destination, the UK (X litres), twofold. France (X litres) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.0% per year) and France (+12.6% per year).

In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from Italy were Germany ($X), the United States ($X) and the UK ($X), together accounting for 50% of total exports. France, Spain, Belgium, the Netherlands, Switzerland, Austria, Greece, Denmark, Romania and Colombia lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Colombia, with a CAGR of +51.4%, saw the highest growth rate of 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

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, with a decrease of -4.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 12%. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the average export prices remained at a lower figure.

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 the United States ($X per litre), while the average price for exports to Colombia ($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 United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Italy

In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages increased by 25% to X litres, rising for the second year in a row after two years of decline. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

France (X litres), the UK (X litres) and the Netherlands (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Italy, with a combined 50% share of total imports. Germany, Mexico, Belgium, Poland, Sweden, Ireland, the Czech Republic, Spain, Cyprus and Romania lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +51.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Mexico ($X) and the UK ($X) were the largest spirits, liqueurs and other spirituous beverages suppliers to Italy, with a combined 54% share of total imports. The Netherlands, Germany, Ireland, Belgium, Spain, Cyprus, Sweden, Poland, the Czech Republic and Romania lagged somewhat behind, together comprising a further 37%.

Belgium, with a CAGR of +40.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 7.1% against the previous year. As a result, import price attained the peak level of $X per litre. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per litre), while the price for Poland ($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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform