Philippines: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in the Philippines

The Philippine spirits and liqueurs market rose significantly to $X in 2022, increasing by X% against the previous year. In general, the total consumption indicated a temperate expansion 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, consumption increased by X% against 2017 indices. Spirits and liqueurs consumption peaked in 2022 and is expected to retain growth in the near future.

Spirits And Liqueurs Production in the Philippines

In value terms, spirits and liqueurs production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Spirits and liqueurs production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from the Philippines

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from the Philippines; shrinking by X% against the previous year's figure. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports shrank modestly to $X in 2022. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X litres) was the main destination for spirits and liqueurs exports from the Philippines, with a X% share of total exports. Moreover, spirits and liqueurs exports to the Netherlands exceeded the volume sent to the second major destination, France (X litres), twofold. The third position in this ranking was held by the United Arab Emirates (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United Arab Emirates (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a notable expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per litre), while the average price for exports to the United Arab Emirates ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into the Philippines

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into the Philippines; with a decrease of X% against the previous year. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X litres) constituted the largest supplier of spirits and liqueurs to the Philippines, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X litres), more than tenfold. South Korea (X litres) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to the Philippines, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, with an increase of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per litre in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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