Northern America: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Northern America

The North American spirits and liqueurs market contracted modestly to $X in 2022, stabilizing at the previous year. In general, consumption showed a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Spirits And Liqueurs Production in Northern America

In value terms, spirits and liqueurs production fell slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in Northern America

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second consecutive year after four years of decline. Overall, exports, however, recorded a noticeable shrinkage. The volume of export peaked at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States was the key exporter of spirits, liqueurs and other spirituous beverages in Northern America, with the volume of exports recording X litres, which was near X% of total exports in 2022. It was distantly followed by Canada (X litres), achieving an X% share of total exports.

The United States was also the fastest-growing in terms of the spirits, liqueurs and other spirituous beverages exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest spirits and liqueurs supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per litre, growing by X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably 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 stood at $X per litre.

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

Spirits And Liqueurs Imports

Imports in Northern America

Spirits and liqueurs imports expanded significantly to X litres in 2022, picking up by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, spirits and liqueurs imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of spirits, liqueurs and other spirituous beverages in Northern America, with the volume of imports recording X litres, which was near X% of total imports in 2022. It was distantly followed by Canada (X litres), constituting a X% share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per litre, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices 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 (X%).

Source: IndexBox Platform

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