Portugal: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Portugal

The Portuguese market for spirits, liqueurs and other spirituous beverages expanded significantly to $X in 2023, growing by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion 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 increased by X% against 2020 indices. Consumption of peaked in 2023 and is expected to retain growth in the near future.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Portugal

In value terms, production of spirits, liqueurs and other spirituous beverages reduced rapidly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Portugal

In 2023, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres, falling for the fifth consecutive year after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X litres in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages amounted to $X in 2023. Overall, total exports indicated a prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Spain (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Portugal, accounting for a X% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Spain exceeded the volume sent to the second major destination, the United States (X litres), threefold. Luxembourg (X litres) ranked third in terms of total exports with a X% share.

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

In value terms, Spain ($X), Macao SAR ($X) and the United States ($X) constituted the largest markets for spirits, liqueurs and other spirituous beverages exported from Portugal worldwide, together accounting for X% of total exports.

Macao SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, picking up by X% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Macao SAR ($X per litre), while the average price for exports to Denmark ($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 Macao SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Portugal

In 2023, imports of spirits, liqueurs and other spirituous beverages into Portugal surged to X litres, jumping by X% against the year before. Over the period under review, imports, however, recorded a mild curtailment. Over the period under review, imports of attained the maximum at X litres in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2023. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Spain (X litres) constituted the largest spirits, liqueurs and other spirituous beverages supplier to Portugal, accounting for a X% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), sixfold. France (X litres) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

In value terms, Spain ($X), the Netherlands ($X) and Italy ($X) constituted the largest spirits, liqueurs and other spirituous beverages suppliers to Portugal, together comprising X% of total imports. France, Germany, Mexico, Belgium, Sweden and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Mexico, 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 import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2023, which is down by X% against the previous year. Overall, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform