Spirits, Liqueurs And Other Spirituous Beverages Market

The global market for spirits, liqueurs and other spirituous beverages is projected to continue to grow over the next eight years, with an anticipated CAGR of +2.7% in volume and +5.8% in value from 2022 to 2030. In 2022, approximately 9.2B litres of these beverages were consumed worldwide, with China, the United States, and Japan leading in consumption. The market performance is forecasted to decelerate, but the total consumption showed notable growth from 2012 to 2022. Production, imports, and exports of spirits and other beverages also exhibited positive trends, with fluctuations recorded in certain years. The United States, Mexico, Italy, and China were among the key players in production, imports, and exports, with varying growth rates in value over the years. Overall, the global market for these beverages is expected to see steady growth in the coming years.

Market Forecast

Driven by increasing demand for spirits, liqueurs and other spirituous beverages worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 11B litres by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.8% for the period from 2022 to 2030, which is projected to bring the market value to $99.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Spirits, Liqueurs And Other Spirituous Beverages

In 2022, approx. 9.2B litres of spirits, liqueurs and other spirituous beverages were consumed worldwide; almost unchanged from the previous year's figure. Overall, the total consumption indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.2% against 2013 indices. Over the period under review, global consumption of hit record highs at 9.3B litres in 2021, and then contracted slightly in the following year.

The revenue of the market for spirits, liqueurs and other spirituous beverages worldwide contracted to $63.3B in 2022, with a decrease of -1.7% 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). In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.4% against 2020 indices. Over the period under review, the global market hit record highs at $66.8B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.7B litres), the United States (996M litres) and Japan (397M litres), together comprising 34% of global consumption. Pakistan, Russia, Mexico, Brazil, the UK, Nigeria, Ukraine, France, Italy and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +13.6%), while beverages for the other global leaders experienced more modest paces of growth.

In value terms, China ($33.2B) led the market, alone. The second position in the ranking was held by the United States ($4.7B). It was followed by Mexico.

In China, the market of spirits, liqueurs and other spirituous beverages expanded at an average annual rate of +9.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+10.8% per year) and Mexico (+6.2% per year).

The countries with the highest levels of spirits, liqueurs and other spirituous beverages per capita consumption in 2022 were Ukraine (5.5 litres per person), the UK (4.2 litres per person) and France (3.2 litres per person).

From 2012 to 2022, the most notable rate of growth in terms of beverages, amongst the main consuming countries, was attained by Nigeria (with a CAGR of +10.7%), while beverages for the other global leaders experienced more modest paces of growth.

Production

World Production of Spirits, Liqueurs And Other Spirituous Beverages

In 2022, the amount of spirits, liqueurs and other spirituous beverages produced worldwide dropped to 9.5B litres, leveling off at the previous year's figure. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.9% against 2014 indices. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Global production peaked at 9.5B litres in 2021, and then declined modestly in the following year.

In value terms, production of spirits, liqueurs and other spirituous beverages totaled $67B in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by 22%. Global production peaked at $71.9B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of production of spirits, liqueurs and other spirituous beverages was China (1.7B litres), comprising approx. 18% of total volume. Moreover, production of spirits, liqueurs and other spirituous beverages in China exceeded the figures recorded by the second-largest producer, Mexico (778M litres), twofold. The third position in this ranking was taken by the United States (550M litres), with a 5.8% share.

In China, production of spirits, liqueurs and other spirituous beverages expanded at an average annual rate of +6.3% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+9.7% per year) and the United States (+26.6% per year).

Imports

World Imports of Spirits, Liqueurs And Other Spirituous Beverages

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported worldwide reached 2.9B litres, growing by 5.6% on 2021. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $17.2B in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +76.5% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Over the period under review, global imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

In 2022, the United States (514M litres), distantly followed by Germany (264M litres) and the UK (186M litres) represented the main importers of spirits, liqueurs and other spirituous beverages, together mixing up 34% of total imports. Canada (111M litres), France (101M litres), the Netherlands (81M litres), Japan (79M litres), Spain (77M litres), Italy (67M litres), Australia (56M litres), China (52M litres), Belgium (50M litres) and Poland (46M litres) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +18.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($7.8B) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages worldwide, comprising 45% of global imports. The second position in the ranking was held by Germany ($886M), with a 5.1% share of global imports. It was followed by the UK, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +7.6%. In the other countries, the average annual rates were as follows: Germany (+2.2% per year) and the UK (+2.6% per year).

Import Prices By Country

The average import price for spirits, liqueurs and other spirituous beverages stood at $6 per litre in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2015 when the average import price increased by 18%. Global import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($15 per litre), while Japan ($2.6 per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Spirits, Liqueurs And Other Spirituous Beverages

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by 5.1% to 3.1B litres, rising for the seventh consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.3%. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of spirits, liqueurs and other spirituous beverages expanded significantly to $14.7B in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +39.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports By Country

In 2022, Mexico (463M litres) and Italy (402M litres) were the key exporters of spirits, liqueurs and other spirituous beveragesacross the globe, together committing 28% of total exports. Germany (243M litres) took a 7.8% share (based on physical terms) of total exports, which put it in second place, followed by France (6.5%), Spain (6.4%) and the Netherlands (5.7%). South Korea (130M litres), Sweden (125M litres), Belgium (116M litres), the UK (110M litres), Poland (92M litres), Ireland (77M litres) and the United States (68M litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +33.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($4B) remains the largest spirits, liqueurs and other spirituous beverages supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by Italy ($1.3B), with an 8.6% share of global exports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +15.3%. In the other countries, the average annual rates were as follows: Italy (+8.1% per year) and France (-0.1% per year).

Export Prices By Country

In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $4.7 per litre, growing by 5.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($9.4 per litre), while South Korea ($1.4 per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform