South-Eastern Asia: Gin And Geneva Market 2024

Gin And Geneva Market Size in South-Eastern Asia

In 2022, the Southeast Asian gin and geneva market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Gin And Geneva Production in South-Eastern Asia

In value terms, gin and geneva production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 97% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports in South-Eastern Asia

In 2022, gin and geneva exports in South-Eastern Asia soared to X litres, increasing by 32% compared with 2021. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 113%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, gin and geneva exports soared to $X in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X litres) and Singapore (X litres) were the major exporters of gin and geneva in 2022, reaching approx. 42% and 40% of total exports, respectively. It was distantly followed by the Philippines (X litres), committing a 16% share of total exports. Vietnam (X litres) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +55.7%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest gin and geneva supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by the Philippines, with a 3.3% share.

In Singapore, gin and geneva exports increased at an average annual rate of +11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+47.9% per year) and the Philippines (-1.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per litre in 2022, surging by 23% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 76%. The level of export peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Gin And Geneva Imports

Imports in South-Eastern Asia

In 2022, gin and geneva imports in South-Eastern Asia soared to X litres, picking up by 46% on the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.4% 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 +67.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports soared to $X in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X litres) and Singapore (X litres) represented roughly 69% of total imports in 2022. The Philippines (X litres) held the next position in the ranking, distantly followed by Malaysia (X litres). All these countries together held near 27% share of total imports. Cambodia (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported gin and geneva in South-Eastern Asia, comprising 58% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+13.8% per year) and Malaysia (+20.6% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per litre, surging by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2018 when the import price increased by 22%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :