CIS: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in CIS

In 2023, the CIS spirits and liqueurs market increased by X% to $X, rising for the eighth consecutive year after three years of decline. Overall, consumption, however, recorded a significant increase. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in years to come.

Spirits And Liqueurs Production in CIS

In value terms, spirits and liqueurs production rose significantly to $X in 2023 estimated in export price. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the near future.

Spirits And Liqueurs Exports

Exports in CIS

Spirits and liqueurs exports surged to X litres in 2023, with an increase of X% on the year before. Total exports indicated a temperate expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, spirits and liqueurs exports soared to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

Exports by Country

Armenia was the main exporting country with an export of around X litres, which accounted for X% of total exports. Russia (X litres) took the second position in the ranking, followed by Belarus (X litres) and Moldova (X litres). All these countries together held near X% share of total exports. The following exporters - Kazakhstan (X litres) and Azerbaijan (X litres) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs supplying countries in the CIS were Armenia ($X), Russia ($X) and Moldova ($X), with a combined X% share of total exports. Belarus, Kazakhstan and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per litre, declining by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked at $X per litre in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per litre), while Belarus ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Spirits And Liqueurs Imports

Imports in CIS

Spirits and liqueurs imports reached X litres in 2023, growing by X% against the previous year. Over the period under review, imports, however, saw a slight decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X litres in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2023. Overall, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia was the largest importer of spirits, liqueurs and other spirituous beverages in the CIS, with the volume of imports recording X litres, which was approx. X% of total imports in 2023. Kazakhstan (X litres) ranks second in terms of the total imports with a X% share, followed by Belarus (X%). Armenia (X litres) and Azerbaijan (X litres) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to spirits and liqueurs imports into Russia stood at X%. At the same time, Azerbaijan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Armenia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kazakhstan and Belarus increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, spirits and liqueurs imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price, however, saw a mild setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Azerbaijan ($X per litre) and Belarus ($X per litre), while Kazakhstan ($X per litre) and Armenia ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Armenia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform