Romania: Gin And Geneva Market 2024

Gin And Geneva Market Size in Romania

After two years of decline, the Romanian gin and geneva market increased by 80% to $X in 2022. Over the period under review, consumption posted a strong expansion. Gin and geneva consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Gin And Geneva Production in Romania

In value terms, gin and geneva production surged to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. Gin and geneva production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Gin And Geneva Exports

Exports from Romania

In 2022, shipments abroad of gin and geneva increased by 263% to X litres, rising for the second consecutive year after two years of decline. In general, exports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 459%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gin and geneva exports surged to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 304% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X litres), Croatia (X litres) and Hungary (X litres) were the main destinations of gin and geneva exports from Romania, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +2,651.5%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Croatia ($X) and Hungary ($X) appeared to be the largest markets for gin and geneva exported from Romania worldwide, together comprising 60% of total exports.

Among the main countries of destination, Croatia, with a CAGR of +2,177.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, leveling off at the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 decreased by -12.1% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 73%. Over the period under review, the average export prices reached the maximum at $X per litre in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Croatia ($X per litre) and Hungary ($X per litre), while the average price for exports to Albania ($X per litre) and Bulgaria ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Romania

For the eighth consecutive year, Romania recorded growth in purchases abroad of gin and geneva, which increased by 63% to X litres in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 90%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, gin and geneva imports surged to $X in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X litres) constituted the largest gin and geneva supplier to Romania, with a 59% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X litres), fourfold. The Netherlands (X litres) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.9% per year) and the Netherlands (+52.1% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Romania, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+52.1% per year) and Italy (+124.9% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, waning by -3% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 import price decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The import price peaked at $X per litre in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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