Russian Federation: Gin And Geneva Market 2024

Gin And Geneva Market Size in the Russian Federation

The Russian gin and geneva market contracted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Gin And Geneva Production in the Russian Federation

In value terms, gin and geneva production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 54%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Gin And Geneva Exports

Exports from the Russian Federation

In 2022, overseas shipments of gin and geneva decreased by -29.9% to X litres for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2014 when exports increased by 761% against the previous year. The exports peaked at X litres in 2021, and then shrank sharply in the following year.

In value terms, gin and geneva exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 557% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Ukraine (X litres) was the main destination for gin and geneva exports from Russia, with a 69% share of total exports. Moreover, gin and geneva exports to Ukraine exceeded the volume sent to the second major destination, the Czech Republic (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to +258.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+92.0% per year) and Latvia (+37.4% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for gin and geneva exports from Russia, comprising 71% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ukraine stood at +263.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+68.9% per year) and Latvia (+29.0% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, surging by 3.6% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per litre. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per litre), while the average price for exports to Latvia ($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 Brazil (+26.3%), while the prices for the other major destinations experienced mixed trend patterns.

Gin And Geneva Imports

Imports into the Russian Federation

In 2022, after six years of growth, there was significant decline in purchases abroad of gin and geneva, when their volume decreased by -9.3% to X litres. In general, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 123%. Imports peaked at X litres in 2021, and then declined in the following year.

In value terms, gin and geneva imports reduced notably to $X in 2022. Overall, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

Lithuania (X litres), Latvia (X litres) and Spain (X litres) were the main suppliers of gin and geneva imports to Russia, together comprising 30% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +57.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gin and geneva suppliers to Russia were Latvia ($X), Spain ($X) and Lithuania ($X), together comprising 36% of total imports.

Among the main suppliers, Spain, with a CAGR of +56.4%, saw the highest growth rate of 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 gin and geneva import price stood at $X per litre in 2022, reducing by -8.2% against the previous year. In general, the import price saw a abrupt slump. The growth pace was the most rapid in 2021 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per litre in 2013; however, from 2014 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 Spain ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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