Liqueurs and Cordials Price in China - 2023
Contents:
- Liqueurs and Cordials Price in China (CIF) - 2023
- Liqueurs and Cordials Price in China (FOB) - 2023
- Liqueurs and Cordials Imports in China
- Liqueurs and Cordials Exports in China
Liqueurs and Cordials Price in China (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $2.9 per litre, increasing by 2.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 43% m-o-m. Over the period under review, average import prices reached the peak figure at $3.0 per litre in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat 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 Germany ($6.8 per litre), while the price for Japan ($1.0 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 Ireland (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Liqueurs and Cordials Price in China (FOB) - 2023
In June 2023, the average liqueurs and cordials export price amounted to $5.1 per litre, which is down by -26.4% against the previous month. Over the period under review, the export price showed a pronounced decline. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 159% month-to-month. Over the period under review, the average export prices attained the maximum at $9.3 per litre in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the country with the highest price was Singapore ($6.0 per litre), while the average price for exports to the United States totaled $4.5 per litre.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in China
In 2022, purchases abroad of liqueurs and cordialses decreased by -15.6% to 31M litres for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.7% from 2019 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 26% against the previous year. As a result, imports reached the peak of 36M litres, and then dropped significantly in the following year.
In value terms, liqueurs and cordials imports plummeted to $82M in 2022. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 34%. As a result, imports reached the peak of $146M, and then shrank significantly in the following year.
| Import of Liqueurs and Cordials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.9 | 13.7 | 22.0 | 25.5 | 54.6% |
| Germany | 65.9 | 58.6 | 69.4 | 16.8 | -36.6% |
| Japan | 7.6 | 10.0 | 10.7 | 9.2 | 6.6% |
| Ireland | 6.2 | 6.7 | 6.2 | 7.3 | 5.6% |
| France | 4.4 | 3.7 | 7.2 | 4.9 | 3.7% |
| United States | 2.3 | 3.1 | 3.4 | 3.6 | 16.1% |
| Netherlands | 2.9 | 3.5 | 4.4 | 3.4 | 5.4% |
| Italy | 2.1 | 1.9 | 6.3 | 2.7 | 8.7% |
| Others | 20.7 | 7.9 | 16.0 | 8.9 | -24.5% |
| Total | 119 | 109 | 146 | 82.3 | -11.6% |
Top Suppliers of Liqueurs and Cordials to China in 2022:
- South Korea (15.9M litres)
- Japan (5.4M litres)
- Germany (2.2M litres)
- Ireland (1.6M litres)
- United States (1.3M litres)
- Netherlands (0.8M litres)
- Italy (0.8M litres)
- France (0.8M litres)
Liqueurs and Cordials Exports in China
In 2022, liqueurs and cordials exports from China contracted markedly to 693K litres, declining by -57.7% on the previous year. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,585%. As a result, the exports reached the peak of 1.6M litres, and then declined notably in the following year.
In value terms, liqueurs and cordials exports shrank markedly to $5M in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,216%. As a result, the exports attained the peak of $9.2M, and then fell sharply in the following year.
| Export of Liqueurs and Cordials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 3.3 | 0% |
| Thailand | N/A | N/A | N/A | 0.3 | 0% |
| Australia | N/A | N/A | 8.8 | 0.2 | -97.7% |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.4 | 1.0 | 115.4% |
| Total | 0.3 | 0.4 | 9.2 | 5.0 | 155.4% |
Top Export Markets for Liqueurs and Cordials from China in 2022:
- Russia (376.3K litres)
- Thailand (58.6K litres)
- Australia (47.6K litres)
- Indonesia (35.5K litres)
- South Korea (15.9K litres)
702
This report provides an in-depth analysis of the spirits and liqueurs market in China.
288
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in China.
389
This report provides an in-depth analysis of the grape wine spirits market in China.
857
This report provides an in-depth analysis of the whisky market in China.
718
This report provides an in-depth analysis of the rum market in China.
788
This report provides an in-depth analysis of the gin and geneva market in China.
2228
This report provides an in-depth analysis of the global spirits and liqueurs market.
368
This report provides an in-depth analysis of the global market for spirits, liqueurs and other spirituous beverages.
622
This report provides an in-depth analysis of the global grape wine spirits market.
1407
This report provides an in-depth analysis of the global whisky market.
579
In value terms, spirits and liqueurs imports skyrocketed to $214M in April 2023.
582
In April 2023, the whisky price stood at $18.7 per litre (CIF, China), standing approximately at the previous month.
344
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
1350
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
876
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
247
Explore the top import markets for spirits, liqueurs, and other alcoholic beverages, including key statistics and import values. Discover the demand and trends in countries such as the United States, Germany, United Kingdom, and more. Gain valuable insights for producers and exporters in the global market.
244
Explore the world's best import markets for grape wine spirits with key statistics and insights. Learn about the top countries and their import values. Discover opportunities for wine producers and exporters.
608
This article explores the world's best import markets for whisky, including the United States, France, Singapore, the Netherlands, Germany, Taiwan, China, Japan, Australia, and Spain. It highlights their growing demand for whisky, the popularity of different styles and brands, and the emergence of whisky culture in these countries. The IndexBox market intelligence platform provides valuable data and insights for businesses operating in the whisky market.
689
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
579
In value terms, spirits and liqueurs imports skyrocketed to $214M in April 2023.
