U.S.: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in the U.S.

The U.S. spirits and liqueurs market shrank to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Spirits And Liqueurs Production in the U.S.

In value terms, spirits and liqueurs production declined to $X in 2022. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from the U.S.

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second consecutive year after three years of decline. In general, exports, however, showed a noticeable shrinkage. Over the period under review, the exports attained the peak figure at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports soared to $X in 2022. The total export 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 observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X litres), Spain (X litres) and Australia (X litres) were the main destinations of spirits and liqueurs exports from the United States, with a combined X% share of total exports. Canada, Italy, Japan, the Netherlands, Germany, Brazil, Mexico, France, Panama and New Zealand lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for spirits and liqueurs exported from the United States were Canada ($X), the Netherlands ($X) and the UK ($X), with a combined X% share of total exports. Australia, Panama, Spain, Japan, Germany, France, Mexico, Italy, Brazil and New Zealand lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 spirits and liqueurs export price amounted to $X per litre, with an increase of X% against the previous year. Overall, export price indicated buoyant 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 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per litre in 2020; however, from 2021 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 Panama ($X per litre), while the average price for exports to Italy ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into the U.S.

In 2022, imports of spirits, liqueurs and other spirituous beverages into the United States reached X litres, with an increase of X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports surged to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X litres), Canada (X litres) and the UK (X litres) were the main suppliers of spirits and liqueurs imports to the United States, together comprising X% of total imports. France, Ireland, Sweden, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest spirits and liqueurs suppliers to the United States were Mexico ($X), France ($X) and the UK ($X), with a combined X% share of total imports.

Mexico, with a CAGR of X%, saw the highest growth rate of 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 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 Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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