U.S.: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in the U.S.

The U.S. market for spirits, liqueurs and other spirituous beverages expanded sharply to $X in 2022, surging by 11% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Spirits, Liqueurs And Other Spirituous Beverages in the U.S.

In value terms, production of spirits, liqueurs and other spirituous beverages reached $X in 2022. Over the period under review, production posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 394% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from the U.S.

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by 18% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from the United States, accounting for a 30% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Canada exceeded the volume sent to the second major destination, the UK (X litres), twofold. Mexico (X litres) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+16.9% per year) and Mexico (+3.3% per year).

In value terms, Canada ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from the United States, comprising 32% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.2% share of total exports. It was followed by the UK, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.1% per year) and the UK (+12.9% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, growing by 6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2015 an increase of 9.3%. As a result, the export price attained the peak level of $X per litre. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per litre), while the average price for exports to the UK ($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 Chile (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into the U.S.

For the fifth consecutive year, the United States recorded growth in supplies from abroad of spirits, liqueurs and other spirituous beverages, which increased by 7.5% to X litres in 2022. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages skyrocketed to $X in 2022. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X litres) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to the United States, with a 55% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Mexico exceeded the figures recorded by the second-largest supplier, France (X litres), fivefold. The third position in this ranking was taken by Canada (X litres), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.8% per year) and Canada (+7.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to the United States, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from Mexico stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.0% per year) and the Netherlands (+2.4% per year).

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, increasing by 16% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price 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, import price for spirits, liqueurs and other spirituous beverages increased by +40.7% against 2015 indices. The growth pace was the most rapid in 2015 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Italy ($X per litre), while the price for Canada ($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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform