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

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

In 2022, the Scandinavia market for spirits, liqueurs and other spirituous beverages decreased by -4.4% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Scandinavia

In value terms, production of spirits, liqueurs and other spirituous beverages reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of spirits, liqueurs and other spirituous beverages, which increased by 11% to X litres in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 20%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of spirits, liqueurs and other spirituous beverages expanded sharply to $X in 2022. Over the period under review, exports, however, showed a mild slump. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the largest exporter of spirits, liqueurs and other spirituous beverages in Scandinavia, with the volume of exports reaching X litres, which was approx. 69% of total exports in 2022. It was distantly followed by Finland (X litres), committing a 27% share of total exports. Norway (X litres) took a little share of total exports.

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 (+4.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.6% 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 ($X) remains the largest spirits, liqueurs and other spirituous beverages supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was taken by Finland ($X), with an 18% share of total exports.

In Sweden, exports of spirits, liqueurs and other spirituous beverages plunged by an average annual rate of -2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (-1.4% per year) and Norway (+1.6% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per litre, waning by -4.6% against the previous year. In general, the export price recorded a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of 19%. As a result, the export price reached the peak level of $X per litre. From 2020 to 2022, the export prices remained at a somewhat 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 (-2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in Scandinavia

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in Scandinavia; growing by 17% compared with 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages rose sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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 approx. 52% of total imports in 2022. It was distantly followed by Norway (X litres) and Finland (X litres), together committing a 48% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +4.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits, liqueurs and other spirituous beverages importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of +1.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per litre, with a decrease of -5.3% against the previous year. In general, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. The level of import peaked at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform