South Africa: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in South Africa

The South African spirits and liqueurs market expanded significantly to $X in 2022, rising by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Spirits and liqueurs consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in South Africa

In value terms, spirits and liqueurs production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, showed a slight downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from South Africa

In 2022, exports of spirits, liqueurs and other spirituous beverages from South Africa expanded sharply to X litres, surging by X% against the previous year's figure. Over the period under review, exports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, spirits and liqueurs exports expanded slightly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

France (X litres), Namibia (X litres) and Zimbabwe (X litres) were the main destinations of spirits and liqueurs exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zimbabwe (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total exports. It was followed by Botswana, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Botswana (X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per litre), while the average price for exports to Spain ($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 Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into South Africa

Spirits and liqueurs imports into South Africa surged to X litres in 2022, picking up by X% on 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X litres. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, spirits and liqueurs imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits and liqueurs supplier to South Africa, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X litres), threefold. Ireland (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Ireland (X% per year).

In value terms, the UK ($X), France ($X) and Germany ($X) constituted the largest spirits and liqueurs suppliers to South Africa, together accounting for X% of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 France ($X per litre), while the price for Australia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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