Saudi Arabia: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Saudi Arabia

The Saudi market for spirits, liqueurs and other spirituous beverages declined to $X in 2022, waning by -5.7% against the previous year. Overall, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Saudi Arabia

In value terms, production of spirits, liqueurs and other spirituous beverages fell to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The growth pace was the most rapid in 2019 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Saudi Arabia

After two years of growth, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by -23.9% to X litres in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,099% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of spirits, liqueurs and other spirituous beverages reduced notably to $X in 2022. In general, exports, however, recorded a moderate increase. The growth pace was the most rapid in 2017 with an increase of 531% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Egypt (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Saudi Arabia, with a 52% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Egypt exceeded the volume sent to the second major destination, Belgium (X litres), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (0.0% per year) and Rwanda (+1,972.7% per year).

In value terms, the largest markets for spirits, liqueurs and other spirituous beverages exported from Saudi Arabia were Egypt ($X), Rwanda ($X) and Belgium ($X), together accounting for 75% of total exports.

Rwanda, with a CAGR of +751.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, with an increase of 1.8% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 264%. As a result, the export price attained the peak level of $X per litre. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per litre), while the average price for exports to Egypt ($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 Australia (+49.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Saudi Arabia

In 2022, imports of spirits, liqueurs and other spirituous beverages into Saudi Arabia soared to X litres, rising by 2,000% against 2021 figures. Overall, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4,353% against the previous year. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of spirits, liqueurs and other spirituous beverages declined notably to $X in 2022. In general, imports, however, continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 2,478% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Germany (X litres) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Saudi Arabia, with a 1.4% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X litres), threefold. The third position in this ranking was taken by the UK (X litres), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (0.0% per year) and the UK (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Saudi Arabia, comprising 41% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by France, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and France (-99.7% per year).

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, falling by -96.2% against the previous year. Overall, the import price faced a precipitous decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per litre in 2019; however, from 2020 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 Denmark (less than $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 United Arab Emirates (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform