Overview of the Global Market for Spirits, Liqueurs And Other Spirituous Beverages

Market Size for Spirits, Liqueurs And Other Spirituous Beverages

The global market for spirits, liqueurs and other spirituous beverages expanded to $X in 2022, surging by 2.1% against the previous year. In general, consumption saw a buoyant expansion. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages

In value terms, production of spirits, liqueurs and other spirituous beverages declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24% against the previous year. Over the period under review, global production of reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by 1.4% to X litres, rising for the seventh consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the global exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of spirits, liqueurs and other spirituous beverages rose remarkably to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value 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, exports increased by +62.0% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Mexico (X litres) and Italy (X litres) represented the main exporters of spirits, liqueurs and other spirituous beveragesin the world, together accounting for near 27% of total exports. It was distantly followed by Germany (X litres), Spain (X litres), France (X litres) and the Netherlands (X litres), together achieving a 27% share of total exports. Russia (X litres), Sweden (X litres), the UK (X litres), South Korea (X litres), Poland (X litres), Ireland (X litres) and Belgium (X litres) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +22.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest spirits, liqueurs and other spirituous beverages supplier worldwide, comprising 28% of global exports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of global exports. It was followed by France, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at +15.3%. In the other countries, the average annual rates were as follows: Italy (+8.1% per year) and France (-0.1% 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 8.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per litre), while Russia ($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 Netherlands (+4.9%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported worldwide soared to X litres, increasing by 16% on 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume 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, imports increased by +41.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +80.9% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X litres), distantly followed by Germany (X litres) and the UK (X litres) were the main importers of spirits, liqueurs and other spirituous beverages, together making up 29% of total imports. The following importers - Russia (X litres), Canada (X litres), France (X litres), the Netherlands (X litres), Togo (X litres), Japan (X litres), Spain (X litres), Burkina Faso (X litres), Italy (X litres) and Australia (X litres) - together made up 27% of total imports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages imports into the United States stood at +3.2%. At the same time, Burkina Faso (+45.6%), Togo (+35.4%), Canada (+12.2%), France (+6.3%), Italy (+5.9%), the UK (+4.8%), Germany (+4.0%), Spain (+2.1%) and Australia (+1.2%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in the world, with a CAGR of +45.6% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Russia (-2.4%) and Japan (-3.1%) illustrated a downward trend over the same period. While the share of Togo (+2.9 p.p.), Burkina Faso (+2.1 p.p.) and Canada (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-1.8 p.p.), Japan (-2.7 p.p.) and Russia (-3.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages worldwide, comprising 45% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.1% share of global imports. It was followed by the UK, with a 3.7% share.

In the United States, imports of spirits, liqueurs and other spirituous beverages increased at an average annual rate of +7.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and the UK (+2.6% per year).

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, rising by 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 4.1%. Global import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per litre), while Togo ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform