Report Update Nov 1, 2024

Puerto Rico - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Puerto Rico

The Puerto Rican spirits and liqueurs market shrank to $X in 2021, with a decrease of -5.2% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Puerto Rico consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Puerto Rico

In value terms, spirits and liqueurs production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 48%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports by Country

In 2021, the UK (X litres), distantly followed by France (X litres), Italy (X litres), Mexico (X litres), the Netherlands (X litres) and Germany (X litres) represented the main exporters of spirits, liqueurs and other spirituous beverages, together creating 51% of total exports. Spain (X litres), the United States (X litres), Ireland (X litres), Belgium (X litres), Russia (X litres), South Korea (X litres) and Sweden (X litres) took a little share of total exports.

The UK experienced a relatively flat trend pattern with regard to volume of exports of spirits, liqueurs and other spirituous beverages. At the same time, Belgium (+30.9%), Mexico (+7.7%), Italy (+7.4%), Ireland (+5.7%), Spain (+5.0%), the Netherlands (+3.6%), South Korea (+3.3%), Russia (+1.4%) and France (+1.0%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.9% from 2012-2021. Germany and Sweden experienced a relatively flat trend pattern. By contrast, the United States (-5.6%) illustrated a downward trend over the same period. Italy (+2.6 p.p.), Mexico (+2.5 p.p.) and Belgium (+2.5 p.p.) significantly strengthened its position in terms of the global exports, while the UK and the United States saw its share reduced by -2.4% and -4.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), France ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, together comprising 47% of total exports. The United States, Italy, Ireland, Germany, the Netherlands, Spain, Belgium, Sweden, Russia and South Korea lagged somewhat behind, together comprising a further 28%.

Belgium, with a CAGR of +18.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports by Country

In 2021, the United States (X litres), distantly followed by Germany (X litres), Russia (X litres), the UK (X litres) and France (X litres) were the main importers of spirits, liqueurs and other spirituous beverages, together mixing up 37% of total imports. The Netherlands (X litres), Spain (X litres), Canada (X litres), Japan (X litres), China (X litres), Singapore (X litres), Italy (X litres) and Belgium (X litres) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to spirits and liqueurs imports into the United States stood at +2.4%. At the same time, Belgium (+18.8%), Canada (+13.2%), China (+8.4%), the UK (+4.8%), the Netherlands (+3.7%), Italy (+3.6%), Russia (+2.4%) and Germany (+2.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the world, with a CAGR of +18.8% from 2012-2021. France and Japan experienced a relatively flat trend pattern. By contrast, Spain (-1.4%) and Singapore (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada and Belgium increased by +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages into Puerto Rico, comprising 28% of global imports. The second position in the ranking was taken by China ($X), with a 6.4% share of global imports. It was followed by Germany, with a 4.9% share.

In the United States, spirits and liqueurs imports increased at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+7.7% per year) and Germany (+0.3% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits, liqueurs and other spirituous beverages in the world?

The countries with the highest volumes of spirits and liqueurs consumption in 2020 were China, the United States and India, together comprising 48% of global consumption. Russia, Brazil, Japan, Ukraine, Canada, Iran, France, the UK, South Korea and Germany lagged somewhat behind, together comprising a further 25%.

What are the largest producers of spirits, liqueurs and other spirituous beverages in the world?

China constituted the country with the largest volume of spirits and liqueurs production, comprising approx. 24% of total volume. Moreover, spirits and liqueurs production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.7% share.

What are the leading suppliers of spirits, liqueurs and other spirituous beverages to Puerto Rico?

In value terms, the United States constitutes the largest market for imported spirits, liqueurs and other spirituous beverages into Puerto Rico, comprising 30% of global imports. The second position in the ranking was occupied by Germany, with a 5.2% share of global imports. It was followed by Singapore, with a 5% share.

What are the leading importers of spirits, liqueurs and other spirituous beverages from Puerto Rico?

In value terms, the largest spirits and liqueurs supplying countries from Puerto Rico were the UK, France and Mexico, together comprising 45% of total exports. The United States, Italy, Ireland, Germany, the Netherlands, Spain, Latvia, Belgium, Canada and Russia lagged somewhat behind, together comprising a further 30%.

What is the average export price for spirits, liqueurs and other spirituous beverages in Puerto Rico?

The spirits and liqueurs export price in Puerto Rico stood at $less than 0.1 per thousand litres in 2020, standing approx. at the previous year.

What is the average import price for spirits, liqueurs and other spirituous beverages in Puerto Rico?

The spirits and liqueurs import price in Puerto Rico stood at $less than 0.1 per thousand litres in 2020, flattening at the previous year.

This report provides an in-depth analysis of the spirits and liqueurs market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)
Prodcom 11011030 - Whisky (important: excluding alcohol duty)
Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)
Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023