Eastern Europe: Whisky Market 2024

Whisky Market Size in Eastern Europe

In 2022, after two years of decline, there was growth in the East European whisky market, when its value increased by X% to $X. The market 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 in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Whisky Production in Eastern Europe

In value terms, whisky production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Whisky Exports

Exports in Eastern Europe

In 2022, the amount of whisky exported in Eastern Europe dropped to X litres, with a decrease of X% on the previous year's figure. Overall, exports recorded a pronounced downturn. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X litres. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, whisky exports expanded notably to $X in 2022. In general, exports recorded a pronounced slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia was the main exporting country with an export of about X litres, which accounted for X% of total exports. It was distantly followed by Romania (X litres), Bulgaria (X litres), Lithuania (X litres), Slovakia (X litres) and the Czech Republic (X litres), together comprising a X% share of total exports. Belarus (X litres) followed a long way behind the leaders.

Exports from Latvia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Slovakia (X%), Bulgaria (X%), Belarus (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. While the share of Romania (X p.p.), Bulgaria (X p.p.), Lithuania (X p.p.), Slovakia (X p.p.), Belarus (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Latvia (X p.p.) displayed negative dynamics.

In value terms, Latvia ($X) remains the largest whisky supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Latvia, whisky exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per litre, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per litre in 2012; however, from 2013 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 Latvia ($X per litre), while Slovakia ($X per litre) was amongst the lowest.

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

Whisky Imports

Imports in Eastern Europe

In 2022, the amount of whisky imported in Eastern Europe reached X litres, increasing by X% compared with the previous year. Total imports indicated a notable 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X litres in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, whisky imports rose slightly to $X in 2022. Total imports indicated a notable 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X litres) and Russia (X litres) represented the key importers of whisky in 2022, accounting for approx. X% and X% of total imports, respectively. Romania (X litres) ranks next in terms of the total imports with an X% share, followed by Latvia (X%), Bulgaria (X%) and Ukraine (X%). Lithuania (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Latvia, Bulgaria, Ukraine and Lithuania lagged somewhat behind, together comprising a further X%.

Latvia, 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 Eastern Europe stood at $X per litre in 2022, almost unchanged from the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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