Liqueurs and Cordials Price in Austria - 2023
Contents:
- Liqueurs and Cordials Price in Austria (CIF) - 2023
- Liqueurs and Cordials Price in Austria (FOB) - 2023
- Liqueurs and Cordials Imports in Austria
- Liqueurs and Cordials Exports in Austria
Liqueurs and Cordials Price in Austria (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $4.7 per litre, waning by -20.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $6.0 per litre in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Estonia ($13.2 per litre), while the price for Italy ($3.1 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Austria (FOB) - 2023
The average liqueurs and cordials export price stood at $6.9 per litre in June 2023, reducing by -1.7% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 43% against the previous month. The export price peaked at $8.2 per litre in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Turkey ($12.6 per litre), while the average price for exports to the Czech Republic ($1.3 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Austria
In 2022, liqueurs and cordials imports into Austria surged to 16M litres, jumping by 28% on 2021. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, liqueurs and cordials imports expanded remarkably to $63M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Liqueurs and Cordials in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.4 | 11.0 | 29.9 | 40.8 | 57.7% |
| Italy | 8.5 | 11.1 | 11.8 | 10.4 | 7.0% |
| France | 4.3 | 4.2 | 5.0 | 5.1 | 5.9% |
| Netherlands | 1.6 | 1.6 | 2.8 | 2.6 | 17.6% |
| Spain | 1.6 | 1.5 | 3.3 | 2.5 | 16.0% |
| Ireland | 3.4 | 2.6 | 0.1 | 0.1 | -69.1% |
| Others | 3.1 | 3.3 | 2.4 | 1.8 | -16.6% |
| Total | 33.0 | 35.2 | 55.3 | 63.3 | 24.3% |
Top Suppliers of Liqueurs and Cordials to Austria in 2022:
- Ireland (undefinedM litres)
- Germany (9.0M litres)
- Italy (3.8M litres)
- France (1.0M litres)
- Netherlands (0.8M litres)
- Spain (0.6M litres)
Liqueurs and Cordials Exports in Austria
In 2022, approx. 4.5M litres of liqueurs and cordialses were exported from Austria; picking up by 3.9% against the previous year's figure. The total export volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, liqueurs and cordials exports shrank to $30M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports attained the peak of $34M, and then shrank in the following year.
| Export of Liqueurs and Cordials in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.5 | 13.5 | 18.8 | 13.6 | 9.0% |
| Netherlands | 3.4 | 3.3 | 5.3 | 4.3 | 8.1% |
| United States | 1.7 | 1.8 | 2.5 | 2.7 | 16.7% |
| Slovenia | 0.4 | N/A | N/A | 0.9 | 31.0% |
| Italy | 1.4 | 1.9 | 1.5 | 0.8 | -17.0% |
| Switzerland | 0.5 | 0.5 | 0.7 | 0.7 | 11.9% |
| Slovakia | 0.5 | N/A | N/A | 0.6 | 6.3% |
| Hungary | 0.6 | 0.6 | 0.7 | 0.6 | 0.0% |
| Croatia | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Bulgaria | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Czech Republic | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| France | N/A | N/A | N/A | 0.5 | 0% |
| Others | 3.2 | 3.1 | 4.3 | 3.6 | 4.0% |
| Total | 22.5 | 25.1 | 34.2 | 30.0 | 10.1% |
Top Export Markets for Liqueurs and Cordials from Austria in 2022:
- Germany (2008.7K litres)
- Netherlands (512.3K litres)
- United States (446.5K litres)
- Czech Republic (199.3K litres)
- Hungary (176.0K litres)
- Slovenia (145.5K litres)
- Italy (144.0K litres)
- Switzerland (126.3K litres)
- Croatia (86.1K litres)
- France (77.9K litres)
- Bulgaria (74.6K litres)
- Slovakia (68.9K litres)
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