Scandinavia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Scandinavia

The Scandinavia spirits and liqueurs market contracted markedly to $X in 2022, declining by X% against the previous year. Overall, consumption continues to indicate a slight decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Scandinavia

In value terms, spirits and liqueurs production expanded rapidly to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Spirits And Liqueurs Exports

Exports in Scandinavia

In 2022, spirits and liqueurs exports in Scandinavia rose notably to X litres, surging by X% against the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports expanded markedly to $X in 2022. In general, exports, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden represented the largest exporter of spirits, liqueurs and other spirituous beverages in Scandinavia, with the volume of exports accounting for X litres, which was near X% of total exports in 2022. It was distantly followed by Finland (X litres), comprising a X% share of total exports. Norway (X litres) followed a long way behind the leaders.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of spirits, liqueurs and other spirituous beverages. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Finland experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest spirits and liqueurs supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

In Sweden, spirits and liqueurs exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per litre in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per litre), while Finland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Spirits And Liqueurs Imports

Imports in Scandinavia

In 2022, imports of spirits, liqueurs and other spirituous beverages in Scandinavia rose significantly to X litres, surging by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports stood at $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the largest importer of spirits, liqueurs and other spirituous beverages in Scandinavia, with the volume of imports amounting to X litres, which was near X% of total imports in 2022. Norway (X litres) held the second position in the ranking, followed by Finland (X litres). All these countries together took approx. X% share of total imports.

Sweden was also the fastest-growing in terms of the spirits, liqueurs and other spirituous beverages imports, with a CAGR of X% from 2012 to 2022. Norway and Finland experienced a relatively flat trend pattern. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per litre in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per litre), while Sweden ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform