Liqueurs and Cordials Price in Japan - 2023
Contents:
- Liqueurs and Cordials Price in Japan (FOB) - 2023
- Liqueurs and Cordials Price in Japan (CIF) - 2023
- Liqueurs and Cordials Exports in Japan
- Liqueurs and Cordials Imports in Japan
Liqueurs and Cordials Price in Japan (FOB) - 2023
The average liqueurs and cordials export price stood at $2.0 per litre in July 2023, with a decrease of -2.2% against the previous month. Overall, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in February 2023 an increase of 23% against the previous month. The export price peaked at $3.0 per litre in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($7.5 per litre), while the average price for exports to South Korea ($1.1 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Price in Japan (CIF) - 2023
In July 2023, the average liqueurs and cordials import price amounted to $5.3 per litre, growing by 47% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($13.8 per litre), while the price for South Korea ($1.5 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in Japan
In 2022, liqueurs and cordials exports from Japan amounted to 37M litres, picking up by 13% on the year before. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, liqueurs and cordials exports reduced to $103M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. The exports peaked at $110M in 2021, and then dropped in the following year.
| Export of Liqueurs and Cordials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 13.5 | 18.4 | 28.2 | 30.6 | 31.4% |
| United States | 10.1 | 9.6 | 13.9 | 15.3 | 14.8% |
| China | 10.0 | 16.5 | 19.8 | 13.7 | 11.1% |
| Hong Kong SAR | 10.0 | 18.9 | 20.7 | 10.5 | 1.6% |
| Vietnam | 2.8 | 3.4 | 5.0 | 6.1 | 29.6% |
| Thailand | 1.2 | 1.9 | 3.3 | 4.7 | 57.6% |
| Singapore | 2.7 | 2.6 | 4.1 | 4.0 | 14.0% |
| Australia | 1.7 | 2.8 | 3.7 | 3.9 | 31.9% |
| South Korea | 1.2 | 0.5 | 1.1 | 2.4 | 26.0% |
| Philippines | 0.2 | 0.3 | 0.9 | 1.1 | 76.5% |
| Others | 5.6 | 6.0 | 9.4 | 11.1 | 25.6% |
| Total | 59.1 | 80.8 | 110 | 103 | 20.3% |
Top Export Markets for Liqueurs and Cordials from Japan in 2022:
- Taiwan (Chinese) (16.4M litres)
- China (7.3M litres)
- Hong Kong SAR (2.7M litres)
- Thailand (2.6M litres)
- United States (1.9M litres)
- Philippines (1.4M litres)
- Singapore (1.0M litres)
- South Korea (1.0M litres)
- Australia (0.8M litres)
- Vietnam (0.7M litres)
Liqueurs and Cordials Imports in Japan
In 2022, approx. 19M litres of liqueurs and cordialses were imported into Japan; shrinking by -15.5% compared with the previous year. Overall, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports hit record highs at 26M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, liqueurs and cordials imports reduced to $81M in 2022. In general, imports recorded a abrupt shrinkage. The smallest decline of -0.5% was in 2021. Over the period under review, imports hit record highs at $116M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Liqueurs and Cordials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 29.4 | 22.8 | 17.5 | 21.3 | -10.2% |
| South Korea | 27.2 | 12.9 | 18.2 | 12.2 | -23.5% |
| Germany | 7.1 | 5.9 | 10.1 | 11.8 | 18.5% |
| United States | 11.6 | 10.8 | 9.5 | 10.5 | -3.3% |
| Netherlands | 15.6 | 9.1 | 4.7 | 8.1 | -19.6% |
| Italy | 7.4 | 5.1 | 6.2 | 5.1 | -11.7% |
| Spain | 3.8 | 3.3 | 3.0 | 3.0 | -7.6% |
| Vietnam | 4.9 | 3.5 | 2.8 | 0.3 | -60.6% |
| Others | 9.0 | 8.6 | 9.8 | 8.7 | -1.1% |
| Total | 116 | 82.0 | 81.6 | 81.0 | -11.3% |
Top Suppliers of Liqueurs and Cordials to Japan in 2022:
- South Korea (8.8M litres)
- France (3.0M litres)
- United States (1.7M litres)
- Germany (1.6M litres)
- Netherlands (1.1M litres)
- Italy (1.0M litres)
- Spain (0.6M litres)
- Vietnam (0.3M litres)
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