Sweden: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Sweden

In 2022, the Swedish market for spirits, liqueurs and other spirituous beverages decreased by -7.9% to $X, falling for the third year in a row after three years of growth. In general, consumption saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Sweden

In value terms, production of spirits, liqueurs and other spirituous beverages expanded to $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +10.5% 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 -2.1% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 74% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Sweden

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by 10% to X litres, rising for the second consecutive year after two years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages rose sharply to $X in 2022. Over the period under review, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Sweden, with a 24% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to the United States exceeded the volume sent to the second major destination, Germany (X litres), fourfold. The UK (X litres) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.0% per year) and the UK (+8.3% per year).

In value terms, the United States ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Sweden, comprising 31% of total exports. The second position in the ranking was held by Canada ($X), with a 6.8% share of total exports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.5% per year) and Germany (+4.9% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, with a decrease of -4.1% against the previous year. In general, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 1.9%. The export price peaked 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 Canada ($X per litre), while the average price for exports to Mexico ($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 Netherlands (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Sweden

In 2022, imports of spirits, liqueurs and other spirituous beverages into Sweden surged to X litres, with an increase of 26% compared with 2021 figures. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. In general, imports showed a modest increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X litres), the Netherlands (X litres) and Norway (X litres) were the main suppliers of imports of spirits, liqueurs and other spirituous beverages to Sweden, together comprising 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits, liqueurs and other spirituous beverages suppliers to Sweden were the Netherlands ($X), Finland ($X) and Denmark ($X), together accounting for 50% of total imports. Germany, the UK, Norway and Italy lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Italy, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, falling by -7.4% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2021 when the average import price increased by 19% against the previous year. The import price peaked at $X per litre in 2013; however, from 2014 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 Italy ($X per litre), while the price for Finland ($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 (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform