Liqueurs and Cordials Price in South Africa - 2023
Contents:
- Liqueurs and Cordials Price in South Africa (FOB) - 2023
- Liqueurs and Cordials Price in South Africa (CIF) - 2023
- Liqueurs and Cordials Exports in South Africa
- Liqueurs and Cordials Imports in South Africa
Liqueurs and Cordials Price in South Africa (FOB) - 2023
In July 2023, the average liqueurs and cordials export price amounted to $4.8 per litre, remaining constant against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices hit record highs at $5.5 per litre in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($8.5 per litre), while the average price for exports to Botswana ($2.8 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Price in South Africa (CIF) - 2023
In July 2023, the average liqueurs and cordials import price amounted to $8.7 per litre, jumping by 44% against the previous month. Overall, import price indicated a slight expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, liqueurs and cordials import price increased by +44.3% against June 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 48% m-o-m. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Trinidad and Tobago ($29.7 per litre), while the price for Canada ($2.1 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in South Africa
Liqueurs and cordials exports from South Africa stood at 10M litres in 2022, with an increase of 8.1% against the year before. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, liqueurs and cordials exports reached $50M in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Liqueurs and Cordials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 1.7 | 1.9 | 4.2 | 3.5 | 27.2% |
| Brazil | 2.1 | 1.5 | 2.9 | 3.2 | 15.1% |
| Canada | 3.7 | 3.3 | 3.2 | 3.2 | -4.7% |
| United States | 2.9 | 2.1 | 1.9 | 3.2 | 3.3% |
| United Arab Emirates | 1.4 | 2.7 | 2.3 | 3.1 | 30.3% |
| Botswana | 1.1 | 1.3 | 2.0 | 3.1 | 41.3% |
| Paraguay | 1.8 | 0.2 | 0.7 | 2.7 | 14.5% |
| Namibia | 2.1 | 1.4 | 1.9 | 2.5 | 6.0% |
| Mozambique | 2.6 | 2.5 | 1.1 | 2.3 | -4.0% |
| Democratic Republic of the Congo | 0.9 | 0.8 | 0.8 | 1.8 | 26.0% |
| Zambia | 1.9 | 1.2 | 1.7 | 1.6 | -5.6% |
| Nigeria | 1.5 | 0.7 | 1.5 | 1.6 | 2.2% |
| Germany | 4.0 | 4.0 | 5.8 | 1.6 | -26.3% |
| Others | 13.4 | 11.2 | 16.7 | 16.3 | 6.7% |
| Total | 41.1 | 34.7 | 46.9 | 49.7 | 6.5% |
Top Export Markets for Liqueurs and Cordials from South Africa in 2022:
- Botswana (1088.1K litres)
- United Arab Emirates (995.9K litres)
- Zimbabwe (751.8K litres)
- Brazil (663.7K litres)
- United States (581.5K litres)
- Canada (538.8K litres)
- Namibia (460.4K litres)
- Paraguay (446.1K litres)
- Mozambique (438.0K litres)
- Germany (378.5K litres)
- Nigeria (364.2K litres)
- Democratic Republic of the Congo (324.6K litres)
- Zambia (278.0K litres)
Liqueurs and Cordials Imports in South Africa
In 2022, approx. 9.2M litres of liqueurs and cordialses were imported into South Africa; rising by 88% on 2021. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 216% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, liqueurs and cordials imports surged to $57M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 225% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Liqueurs and Cordials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.1 | 6.5 | 26.9 | 48.3 | 74.4% |
| United States | 2.7 | 1.3 | 2.2 | 2.7 | 0.0% |
| Netherlands | 0.3 | 0.3 | 0.5 | 1.9 | 85.0% |
| Italy | 0.5 | 0.3 | 0.5 | 0.7 | 11.9% |
| Spain | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Others | 2.5 | 1.6 | 2.4 | 3.6 | 12.9% |
| Total | 15.3 | 10.1 | 32.7 | 57.3 | 55.3% |
Top Suppliers of Liqueurs and Cordials to South Africa in 2022:
- Germany (7.8M litres)
- United States (0.4M litres)
- Netherlands (0.3M litres)
- Italy (0.2M litres)
- Spain (0.1M litres)
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