Asia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Asia

The Asian spirits and liqueurs market shrank slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in Asia

In value terms, spirits and liqueurs production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Spirits And Liqueurs Exports

Exports in Asia

Spirits and liqueurs exports surged to X litres in 2022, increasing by X% compared with the previous year. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 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 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Korea (X litres), India (X litres), Armenia (X litres), the United Arab Emirates (X litres), Japan (X litres), Singapore (X litres), Georgia (X litres) and China (X litres) represented roughly X% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest spirits and liqueurs supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In Singapore, spirits and liqueurs exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per litre, waning by X% against the previous year. Over the period under review, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per litre in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while South Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports in Asia

Spirits and liqueurs imports skyrocketed to X litres in 2022, picking up by X% against 2021. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports expanded remarkably to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the six major importers of spirits, liqueurs and other spirituous beverages, namely Israel, Japan, China, the United Arab Emirates, India and the Philippines, represented more than half of total import. It was distantly followed by Singapore (X litres), committing a X% share of total imports. South Korea (X litres), Kazakhstan (X litres), Turkey (X litres), Taiwan (Chinese) (X litres), Iraq (X litres) and Malaysia (X litres) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs importing markets in Asia were China ($X), Singapore ($X) and Japan ($X), together accounting for X% of total imports. Taiwan (Chinese), the United Arab Emirates, India, Malaysia, South Korea, Turkey, Israel, the Philippines, Kazakhstan and Iraq lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per litre in 2022, dropping by X% against the previous year. In general, the import price saw a mild decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per litre, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while Israel ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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