Liqueurs and Cordials Price in the United States - 2023
Contents:
- Liqueurs and Cordials Price in the United States (CIF) - 2023
- Liqueurs and Cordials Price in the United States (FOB) - 2023
- Liqueurs and Cordials Imports in the United States
- Liqueurs and Cordials Exports in the United States
Liqueurs and Cordials Price in the United States (CIF) - 2023
In August 2023, the average liqueurs and cordials import price amounted to $16.1 per litre, shrinking by -14.3% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in December 2022 an increase of 22% against the previous month. Over the period under review, average import prices reached the maximum at $18.8 per litre in July 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($26.5 per litre), while the price for Canada ($9.7 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in the United States (FOB) - 2023
The average liqueurs and cordials export price stood at $21.1 per litre in August 2023, which is down by -7.2% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 17% month-to-month. As a result, the export price attained the peak level of $25.2 per litre. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Canada ($37.0 per litre), while the average price for exports to Latvia ($10.7 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in the United States
In 2022, approx. 88M litres of liqueurs and cordialses were imported into the United States; growing by 4.1% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, liqueurs and cordials imports surged to $1.1B in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Liqueurs and Cordials in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 244 | 213 | 291 | 323 | 9.8% |
| Italy | 165 | 96.7 | 134 | 210 | 8.4% |
| Ireland | 253 | 182 | 181 | 175 | -11.6% |
| Canada | 169 | 170 | 186 | 165 | -0.8% |
| Germany | 132 | 45.4 | 66.1 | 102 | -8.2% |
| United Kingdom | 22.2 | 11.6 | 16.5 | 48.7 | 29.9% |
| Mexico | 49.0 | 43.9 | 39.2 | 45.7 | -2.3% |
| Others | 28.0 | 34.2 | 39.1 | 60.2 | 29.1% |
| Total | 1,063 | 797 | 953 | 1,130 | 2.1% |
Top Suppliers of Liqueurs and Cordials to the United States in 2022:
- Canada (36.0M litres)
- France (14.7M litres)
- Germany (9.9M litres)
- Italy (9.2M litres)
- Ireland (7.7M litres)
- Mexico (4.0M litres)
- United Kingdom (2.9M litres)
Liqueurs and Cordials Exports in the United States
In 2022, the amount of liqueurs and cordialses exported from the United States skyrocketed to 8.4M litres, with an increase of 35% compared with the year before. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, liqueurs and cordials exports soared to $184M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Liqueurs and Cordials in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 30.9 | 31.0 | 34.9 | 36.1 | 5.3% |
| Chile | 7.1 | 5.2 | 17.5 | 22.4 | 46.7% |
| Australia | 10.8 | 11.5 | 8.7 | 15.3 | 12.3% |
| Brazil | 2.7 | 6.6 | 8.1 | 11.7 | 63.0% |
| Spain | 5.4 | 0.7 | 4.0 | 9.8 | 22.0% |
| Panama | 12.3 | 7.2 | 3.4 | 8.0 | -13.4% |
| Mexico | 14.1 | 6.2 | 6.5 | 7.7 | -18.3% |
| Japan | 6.5 | 6.2 | 5.9 | 6.6 | 0.5% |
| United Kingdom | 7.1 | 7.4 | 4.5 | 4.4 | -14.7% |
| Uruguay | 1.0 | 0.5 | 2.6 | 4.3 | 62.6% |
| Netherlands | 6.7 | 3.5 | 2.7 | 4.2 | -14.4% |
| Colombia | 0.9 | 1.1 | 1.3 | 3.1 | 51.0% |
| India | 0.6 | 0.3 | 0.9 | 2.3 | 56.5% |
| Others | 41.9 | 29.3 | 35.3 | 47.7 | 4.4% |
| Total | 148 | 117 | 136 | 184 | 7.5% |
Top Export Markets for Liqueurs and Cordials from the United States in 2022:
- Chile (1203.6K litres)
- Canada (1017.4K litres)
- Australia (805.2K litres)
- Brazil (515.8K litres)
- Spain (429.8K litres)
- Panama (340.3K litres)
- Mexico (330.9K litres)
- Japan (323.9K litres)
- United Kingdom (248.2K litres)
- Uruguay (238.9K litres)
- Netherlands (211.2K litres)
- Colombia (195.6K litres)
- India (185.5K litres)
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