Spain: Gin And Geneva Market 2024

Gin And Geneva Market Size in Spain

The Spanish gin and geneva market was estimated at $X in 2022, growing by 4% against the previous year. Over the period under review, consumption, however, saw a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in Spain

In value terms, gin and geneva production shrank to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +9.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 48%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gin And Geneva Exports

Exports from Spain

In 2022, approx. X litres of gin and geneva were exported from Spain; growing by 34% on 2021 figures. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gin and geneva exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 79% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X litres), Germany (X litres) and Equatorial Guinea (X litres) were the main destinations of gin and geneva exports from Spain, together comprising 38% of total exports. The Netherlands, Belgium, the United States, Brazil, Mexico, Portugal, the UK, France, Colombia and Denmark lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +64.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gin and geneva exported from Spain were Italy ($X), Germany ($X) and the Netherlands ($X), together comprising 48% of total exports.

Germany, with a CAGR of +57.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, increasing by 3.1% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gin and geneva export price increased by +33.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per litre), while the average price for exports to Brazil ($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 Italy (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Spain

In 2022, approx. X litres of gin and geneva were imported into Spain; increasing by 28% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked at X litres in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, gin and geneva imports soared to $X in 2022. Overall, imports, however, showed a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 61%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Spain, with a 67% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X litres), threefold. The third position in this ranking was held by Germany (X litres), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.9% per year) and Germany (+15.2% per year).

In value terms, the UK ($X), the United States ($X) and Germany ($X) constituted the largest gin and geneva suppliers to Spain, with a combined 89% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, with a decrease of -5.7% against the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 20%. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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