Australia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Australia

In 2023, the Australian spirits and liqueurs market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, posted prominent growth. Spirits and liqueurs consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Spirits And Liqueurs Production in Australia

In value terms, spirits and liqueurs production reached $X in 2023 estimated in export price. In general, production continues to indicate a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Australia

In 2023, spirits and liqueurs exports from Australia expanded rapidly to X litres, picking up by X% compared with 2022. Over the period under review, exports, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, spirits and liqueurs exports stood at $X in 2023. Overall, exports recorded a moderate increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

New Zealand (X litres) was the main destination for spirits and liqueurs exports from Australia, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to New Zealand exceeded the volume sent to the second major destination, China (X litres), sevenfold. The United States (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Australia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average spirits and liqueurs export price amounted to $X per litre, waning by X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2022, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per litre), while the average price for exports to Thailand ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Australia

After two years of growth, purchases abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2023. Overall, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X litres in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, spirits and liqueurs imports dropped remarkably to $X in 2023. In general, total imports indicated a noticeable increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

The UK (X litres), the United States (X litres) and France (X litres) were the main suppliers of spirits and liqueurs imports to Australia, with a combined X% share of total imports. Mexico, Japan, China, Italy, Ireland, Sweden, Poland, the Netherlands, Canada and New Zealand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and France ($X) appeared to be the largest spirits and liqueurs suppliers to Australia, with a combined X% share of total imports. Mexico, Japan, Italy, Ireland, China, Sweden, Canada, the Netherlands, Poland and New Zealand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2023, surging by X% against the previous year. Overall, the import price recorded prominent growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import 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 importers, the country with the highest price was the UK ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform