United Arab Emirates: Gin And Geneva Market 2024

Gin And Geneva Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of gin and geneva decreased by -10.8% to X litres, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 67% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, gin and geneva exports rose notably to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 51%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X litres), India (X litres) and Tanzania (X litres) were the main destinations of gin and geneva exports from the United Arab Emirates, together comprising 75% of total exports. These countries were followed by Hong Kong SAR, Cyprus, Chile and the Netherlands, which together accounted for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +221.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for gin and geneva exports from the United Arab Emirates, comprising 44% of total exports. The second position in the ranking was held by Cyprus ($X), with an 18% share of total exports. It was followed by Hong Kong SAR, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+264.1% per year) and Hong Kong SAR (+38.1% per year).

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Cyprus ($X per litre), while the average price for exports to Tanzania ($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 Cyprus (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into the United Arab Emirates

Gin and geneva imports into the United Arab Emirates contracted remarkably to X litres in 2022, declining by -20.9% against the year before. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +38.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of X litres, and then contracted markedly in the following year.

In value terms, gin and geneva imports dropped remarkably to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +49.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to the United Arab Emirates, with a 44% share of total imports. Moreover, gin and geneva imports from the UK exceeded the figures recorded by the second-largest supplier, the Philippines (X litres), fourfold. The third position in this ranking was taken by Italy (X litres), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+3.7% per year) and Italy (+86.4% per year).

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to the United Arab Emirates, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 9.2% share of total imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+83.2% per year) and the Netherlands (+65.0% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, dropping by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per litre. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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