Peru: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Peru

The Peruvian spirits and liqueurs market rose markedly to $X in 2023, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Spirits and liqueurs consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Peru

After two years of growth, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2023. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X litres in 2022, and then fell notably in the following year.

In value terms, spirits and liqueurs exports shrank to $X in 2023. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Chile (X litres), the United States (X litres) and Colombia (X litres) were the main destinations of spirits and liqueurs exports from Peru, together comprising X% of total exports. Ecuador, Spain, the Netherlands, Belgium and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spirits and liqueurs exported from Peru were Chile ($X), the United States ($X) and the Netherlands ($X), with a combined X% share of total exports. Colombia, Spain, Belgium, France and Ecuador lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2023, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Ecuador ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spirits And Liqueurs Imports

Imports into Peru

Spirits and liqueurs imports into Peru expanded to X litres in 2023, growing by X% on 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X litres. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, spirits and liqueurs imports shrank modestly to $X in 2023. Over the period under review, total imports indicated a measured 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 growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Mexico (X litres), the UK (X litres) and Costa Rica (X litres) were the main suppliers of spirits and liqueurs imports to Peru, together accounting for X% of total imports.

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

In value terms, the UK ($X), Mexico ($X) and Nicaragua ($X) appeared to be the largest spirits and liqueurs suppliers to Peru, together comprising X% of total imports. Costa Rica, the United States, Colombia, the Dominican Republic, Cuba, Argentina, Brazil, Jamaica, Ireland and Sweden lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Costa Rica, 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, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per litre. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Sweden ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform