Northern America: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Northern America

The North American market for spirits, liqueurs and other spirituous beverages reached $X in 2022, picking up by 10% against the previous year. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Northern America

In value terms, production of spirits, liqueurs and other spirituous beverages rose to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 207%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in Northern America

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by 5.5% to X litres, rising for the seventh consecutive year after two years of decline. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +94.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages reached $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +91.4% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The United States (X litres) and Canada (X litres) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +6.0%).

In value terms, the United States ($X) remains the largest spirits, liqueurs and other spirituous beverages supplier in Northern America, comprising 74% of total exports. The second position in the ranking was held by Canada ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +6.8%.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2022, rising by 7.5% against the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2014 an increase of 8.9% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while Canada totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in Northern America

Imports of spirits, liqueurs and other spirituous beverages amounted to X litres in 2022, with an increase of 6.7% on the previous year. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +70.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 17% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The United States was the largest importing country with an import of about X litres, which accounted for 83% of total imports. It was distantly followed by Canada (X litres), generating a 17% share of total imports.

Imports into the United States increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Canada (+12.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +12.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +8.7 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in Northern America, comprising 93% of total imports. The second position in the ranking was taken by Canada ($X), with a 7% share of total imports.

In the United States, imports of spirits, liqueurs and other spirituous beverages expanded at an average annual rate of +7.6% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 when the import price increased by 24%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 (+4.3%).

Source: IndexBox Platform