Switzerland: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Switzerland

For the fourth consecutive year, the Swiss spirits and liqueurs market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Spirits And Liqueurs Exports

Exports from Switzerland

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were exported from Switzerland; with an increase of X% compared with the previous year's figure. Overall, exports, however, showed a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports dropped sharply to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Germany (X litres), Australia (X litres) and the United States (X litres) were the main destinations of spirits and liqueurs exports from Switzerland, with a combined X% share of total exports.

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

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

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

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, with a decrease of X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spirits and liqueurs export price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2018 to 2022, the average export prices failed to regain momentum.

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 the UK ($X per litre), while the average price for exports to Serbia ($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 Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Switzerland

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into Switzerland; growing by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, spirits and liqueurs imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Italy (X litres) constituted the largest spirits and liqueurs supplier to Switzerland, with a X% share of total imports. Moreover, spirits and liqueurs imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X litres), twofold. The third position in this ranking was held by Germany (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the UK ($X), Italy ($X) and France ($X) appeared to be the largest spirits and liqueurs suppliers to Switzerland, with a combined X% share of total imports. Germany, the United States, Ireland, the Netherlands, Sweden, Cuba and Austria lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per litre in 2014; however, from 2015 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 the UK ($X per litre), while the price for Italy ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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