Romania: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Romania

The Romanian market for spirits, liqueurs and other spirituous beverages reached $X in 2022, increasing by 8.4% against the previous year. In general, consumption, however, recorded a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Romania

In value terms, production of spirits, liqueurs and other spirituous beverages dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 38% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Romania

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by 81% to X litres, rising for the sixth year in a row after two years of decline. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 128% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 163% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X litres), Hungary (X litres) and North Macedonia (X litres) were the main destinations of exports of spirits, liqueurs and other spirituous beverages from Romania, with a combined 44% share of total exports. Italy, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Germany, Spain, the UK, Ukraine and Slovenia lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +258.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from Romania were Bulgaria ($X), Hungary ($X) and North Macedonia ($X), with a combined 57% share of total exports. Italy, Croatia, Bosnia and Herzegovina, Germany, the UK, Serbia, Slovenia, Montenegro, Spain and Ukraine lagged somewhat behind, together comprising a further 34%.

Bosnia and Herzegovina, with a CAGR of +199.1%, saw the highest growth rate of the value of exports, among the main countries of destination 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 export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, with an increase of 13% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spirits, liqueurs and other spirituous beverages increased by +36.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 23%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per litre), while the average price for exports to Ukraine ($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 Hungary (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Romania

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into Romania; rising by 9.6% on 2021 figures. In general, imports showed a strong expansion. The growth pace was the most rapid in 2016 with an increase of 76% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X litres), Bulgaria (X litres) and Germany (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Romania, with a combined 63% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +71.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Romania, comprising 36% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.8% per year) and Italy (+15.4% per year).

Import Prices by Country

The average import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, with an increase of 13% against the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Bulgaria ($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 (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform