Southern Asia: Gin And Geneva Market 2024

Gin And Geneva Market Size in Southern Asia

The South Asian gin and geneva market expanded slightly to $X in 2022, increasing by 3% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.2% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Gin And Geneva Production in Southern Asia

In value terms, gin and geneva production totaled $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports in Southern Asia

In 2022, the amount of gin and geneva exported in Southern Asia was estimated at X litres, increasing by 12% compared with 2021 figures. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 118%. The volume of export peaked at X litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gin and geneva exports expanded rapidly to $X in 2022. Overall, exports, however, saw a mild decrease. The growth pace was the most rapid in 2017 with an increase of 98%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of gin and geneva, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the gin and geneva exports, with a CAGR of +10.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest gin and geneva supplier in Southern Asia.

In India, gin and geneva exports contracted by an average annual rate of -1.7% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per litre in 2022, declining by -4.6% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 33% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -10.8% per year.

Gin And Geneva Imports

Imports in Southern Asia

In 2022, approx. X litres of gin and geneva were imported in Southern Asia; picking up by 122% on 2021 figures. Over the period under review, imports enjoyed a prominent expansion. Over the period under review, imports reached the maximum at X litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gin and geneva imports surged to $X in 2022. In general, imports enjoyed moderate growth. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, accounting for X litres, which was approx. 93% of total imports in 2022. Maldives (X litres) and Sri Lanka (X litres) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gin and geneva imports into India stood at +5.9%. At the same time, Maldives (+8.9%) and Sri Lanka (+4.2%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.9% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gin and geneva in Southern Asia, comprising 91% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in India stood at +2.4%. In the other countries, the average annual rates were as follows: Sri Lanka (+8.1% per year) and Maldives (+12.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per litre, falling by -5.7% against the previous year. Over the period under review, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2014 when the import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Sri Lanka ($X per litre), while India ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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