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 totaled $X in 2023, leveling off at the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2023, 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 expanded to $X in 2023 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports

In 2023, overseas shipments of spirits, liqueurs and other spirituous beverages were finally on the rise to reach X litres for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports of hit record highs at X litres in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages rose markedly to $X in 2023. In general, total exports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, Mexico (X litres) was the main exporter of spirits, liqueurs and other spirituous beverages, constituting X% of total exports. It was distantly followed by South Korea (X litres), the UK (X litres) and the Netherlands (X litres), together mixing up an X% share of total exports. Italy (X litres), France (X litres), the United States (X litres), Russia (X litres), Germany (X litres), Belarus (X litres), Canada (X litres), Spain (X litres) and Japan (X litres) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%), Canada (X%), Belarus (X%), the United States (X%), Spain (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, the UK (X%), the Netherlands (X%), Italy (X%), Russia (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Japan (X p.p.), the United States (X p.p.), South Korea (X p.p.) and Canada (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Russia (X p.p.), Germany (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, exports of spirits, liqueurs and other spirituous beverages expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Export Prices by Country

The average export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2023, surging by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports

In 2023, supplies from abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at X litres in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of spirits, liqueurs and other spirituous beverages expanded modestly to $X in 2023. Overall, total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports of hit record highs in 2023 and are likely to continue growth in years to come.

Imports by Country

The United States was the largest importer of spirits, liqueurs and other spirituous beverages in the world, with the volume of imports accounting for X litres, which was near X% of total imports in 2023. It was distantly followed by the UK (X litres), making up a X% share of total imports. Canada (X litres), Japan (X litres), Germany (X litres), China (X litres), Russia (X litres), Australia (X litres), France (X litres), Ukraine (X litres), India (X litres), the Netherlands (X litres) and Spain (X litres) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, China (X%), Canada (X%), India (X%) and the UK (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, Australia (X%), Japan (X%), Ukraine (X%), France (X%), Spain (X%), the Netherlands (X%), Russia (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States, the UK, Canada and China increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, surging by X% against the previous year. Overall, import price indicated strong growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for spirits, liqueurs and other spirituous beverages increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per litre), while Japan ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform