Global Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size

The global spirits and liqueurs market amounted to $X in 2023, rising by X% against the previous year. Overall, the total consumption indicated a noticeable expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the global market hit record highs in 2023 and is expected to retain growth in years to come.

Spirits And Liqueurs Production

In value terms, spirits and liqueurs production expanded sharply to $X in 2023 estimated in export price. In general, the total production indicated a notable 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global production peaked in 2023 and is likely to continue growth in years to come.

Spirits And Liqueurs Exports

Exports

After two years of growth, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2023. Overall, exports recorded a mild contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The global exports peaked at X litres in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, spirits and liqueurs exports stood at $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The global exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

The UK was the major exporter of spirits, liqueurs and other spirituous beverages in the world, with the volume of exports resulting at X litres, which was approx. X% of total exports in 2023. Mexico (X litres) ranks second in terms of the total exports with an X% share, followed by the United States (X%). France (X litres), the Netherlands (X litres), South Korea (X litres), Ireland (X litres), Armenia (X litres), Italy (X litres), India (X litres), Spain (X litres), Germany (X litres) and Canada (X litres) held a little share of total exports.

The UK experienced a relatively flat trend pattern with regard to volume of exports of spirits, liqueurs and other spirituous beverages. At the same time, Armenia (X%), India (X%), Mexico (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Ireland experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Italy (X%), the United States (X%), Spain (X%), Canada (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), the UK (X p.p.), Armenia (X p.p.) and India (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.), Germany (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X), France ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports.

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

Export Prices by Country

In 2023, the average spirits and liqueurs export price amounted to $X per litre, surging by X% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2023: its price 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, spirits and liqueurs export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.

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 France ($X per litre), while South Korea ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports

In 2023, purchases abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports hit record highs at X litres in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, spirits and liqueurs imports reached $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, the United States (X litres), distantly followed by the UK (X litres) were the key importers of spirits, liqueurs and other spirituous beverages, together mixing up X% of total imports. The following importers - Russia (X litres), Japan (X litres), France (X litres), Canada (X litres), China (X litres), the Philippines (X litres), the Netherlands (X litres), Germany (X litres), Spain (X litres), Singapore (X litres) and India (X litres) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to spirits and liqueurs imports into the United States stood at X%. At the same time, the Philippines (X%), India (X%), Canada (X%), China (X%) and the UK (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Japan and Singapore experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Russia (X%), France (X%), Spain (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines, the United States, the UK and Canada increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages worldwide, comprising X% of global imports. The second position in the ranking was taken by China ($X), with a X% share of global imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United States amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Singapore (X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Global import price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per litre), while the Philippines ($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 Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform