Sweden: Gin And Geneva Market 2024

Gin And Geneva Market Size in Sweden

The Swedish gin and geneva market reduced notably to $X in 2022, shrinking by -22.7% against the previous year. In general, consumption, however, saw a temperate expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in Sweden

In value terms, gin and geneva production fell significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a tangible expansion. The growth pace was the most rapid in 2021 when the production volume increased by 1,437%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Gin And Geneva Exports

Exports from Sweden

In 2022, overseas shipments of gin and geneva increased by 37% to X litres, rising for the second year in a row after two years of decline. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 69% against the previous year. As a result, the exports attained the peak of X litres. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, gin and geneva exports surged to $X in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 56%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X litres), Denmark (X litres) and the UK (X litres) were the main destinations of gin and geneva exports from Sweden, with a combined 64% share of total exports. These countries were followed by Norway, the United States, the Netherlands, Greece, Poland, Italy, Finland, Spain and Cyprus, which together accounted for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +107.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the UK ($X) constituted the largest markets for gin and geneva exported from Sweden worldwide, together accounting for 51% of total exports.

Among the main countries of destination, the UK, with a CAGR of +95.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, picking up by 2.1% against the previous year. In general, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per litre), while the average price for exports to Germany ($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 the United States (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into Sweden

In 2022, imports of gin and geneva into Sweden amounted to X litres, increasing by 3.1% against the previous year. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +102.9% against 2013 indices. The pace of growth was the most pronounced in 2018 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports fell to $X in 2022. In general, total imports indicated a noticeable expansion 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, imports decreased by -4.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Sweden, accounting for a 61% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, France (X litres), fourfold. Finland (X litres) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.4% per year) and Finland (+76.4% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to Sweden, comprising 69% of total imports. The second position in the ranking was held by France ($X), with an 8.9% share of total imports. It was followed by Finland, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.2% per year) and Finland (+57.1% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, declining by -11.7% against the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2021 an increase of 19%. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Denmark ($X per litre), while the price for Finland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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