Northern America: Gin And Geneva Market 2024

Gin And Geneva Market Size in Northern America

For the fifth consecutive year, the North American gin and geneva market recorded growth in sales value, which increased by 4.4% to $X in 2022. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Gin And Geneva Production in Northern America

In value terms, gin and geneva production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 140% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports in Northern America

For the ninth consecutive year, Northern America recorded growth in shipments abroad of gin and geneva, which increased by 45% to X litres in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, the United States (X litres) represented the key exporter of gin and geneva, making up 83% of total exports. It was distantly followed by Canada (X litres), achieving a 17% share of total exports.

Exports from the United States increased at an average annual rate of +19.7% from 2012 to 2022. At the same time, Canada (+23.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +23.3% from 2012-2022. While the share of Canada (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-3.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest gin and geneva supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +28.3%.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2022, falling by -1.8% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 export price increased by +64.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 26% against the previous year. The level of export peaked at $X per litre in 2021, and then fell slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per litre), while the United States totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.3%).

Gin And Geneva Imports

Imports in Northern America

In 2022, gin and geneva imports in Northern America skyrocketed to X litres, growing by 20% compared with 2021. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +17.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports surged to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X litres) was the major importer of gin and geneva, creating 87% of total imports. It was distantly followed by Canada (X litres), generating a 13% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gin and geneva imports into the United States stood at +5.0%. At the same time, Canada (+13.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +13.9% from 2012-2022. Canada (+6.9 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -6.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported gin and geneva in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per litre, growing by 5.9% against the previous year. Over the period under review, the import price, however, showed a mild setback. Over the period under review, import prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while Canada amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.2%).

Source: IndexBox Platform

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