Romania: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Romania

The Romanian spirits and liqueurs market dropped modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell slightly in the following year.

Spirits And Liqueurs Production in Romania

In value terms, spirits and liqueurs production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Spirits and liqueurs production peaked in 2022 and is likely to continue growth in years to come.

Spirits And Liqueurs Exports

Exports from Romania

For the eleventh consecutive year, Romania recorded growth in shipments abroad of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports surged to $X in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X litres) was the main destination for spirits and liqueurs exports from Romania, with a X% share of total exports. Moreover, spirits and liqueurs exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X litres), twofold. Croatia (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Croatia (X% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for spirits, liqueurs and other spirituous beverages exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Croatia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Croatia (X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price 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, spirits and liqueurs export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Slovenia ($X per litre), while the average price for exports to Montenegro ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Romania

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Romania soared to X litres, with an increase of X% on 2021. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spirits and liqueurs imports surged to $X in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X litres), the UK (X litres) and Bulgaria (X litres) were the main suppliers of spirits and liqueurs imports to Romania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs suppliers to Romania were the UK ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total imports. Italy, Belgium, France, the United States, Bulgaria, Sweden, Spain, Ireland, Poland and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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