U.S.: Gin And Geneva Market 2024

Gin And Geneva Market Size in the U.S.

The U.S. gin and geneva market expanded remarkably to $X in 2022, picking up by 6% against the previous year. Over the period under review, consumption recorded a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Gin And Geneva Production in the U.S.

In value terms, gin and geneva production rose remarkably to $X in 2022. Over the period under review, production posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 114% against the previous year. Gin and geneva production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Gin And Geneva Exports

Exports from the U.S.

Gin and geneva exports from the United States skyrocketed to X litres in 2022, with an increase of 39% against 2021. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X litres) was the main destination for gin and geneva exports from the United States, with a 56% share of total exports. Moreover, gin and geneva exports to Spain exceeded the volume sent to the second major destination, Canada (X litres), sevenfold. The third position in this ranking was taken by the UK (X litres), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +113.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+27.7% per year) and the UK (+85.2% per year).

In value terms, Spain ($X) remains the key foreign market for gin and geneva exports from the United States, comprising 69% of total exports. The second position in the ranking was held by Canada ($X), with a 5.9% share of total exports. It was followed by the UK, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +127.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+24.9% per year) and the UK (+91.0% per year).

Export Prices by Country

In 2022, the average gin and geneva export price amounted to $X per litre, falling by -3.3% against the previous year. Overall, export price indicated strong 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 +66.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. The export price peaked at $X per litre in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to South Korea ($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 Spain (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into the U.S.

In 2022, approx. X litres of gin and geneva were imported into the United States; picking up by 22% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest gin and geneva supplier to the United States, with a 85% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, Canada (X litres), more than tenfold. The third position in this ranking was taken by France (X litres), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+31.3% per year) and France (+20.5% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to the United States, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 3.7% share of total imports. It was followed by France, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+36.7% per year) and France (+20.2% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, picking up by 7% against the previous year. In general, the import price, however, saw a mild decrease. Over the period under review, average import prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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