India - Spirits, Liqueurs And Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's Spirit and Liqueur Price Reduces Slightly to $5.1 per Litre
India Spirit and Liqueur Import Price in October 2022
In October 2022, the spirits and liqueurs price stood at $5.1 per litre (CIF, India), which is down by -3.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 20% m-o-m. Over the period under review, average import prices reached the peak figure at $5.7 per litre in March 2022; however, from April 2022 to October 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was Singapore ($23.8 per litre), while the price for Sweden ($3.2 per litre) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
India Spirit and Liqueur Imports
In October 2022, spirits and liqueurs imports into India rose sharply to 11M litres, surging by 6.4% on September 2022 figures. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in May 2022 when imports increased by 45% month-to-month. Imports peaked at 13M litres in July 2022; however, from August 2022 to October 2022, imports failed to regain momentum.
In value terms, spirits and liqueurs imports expanded modestly to $57M (IndexBox estimates) in October 2022. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in March 2022 with an increase of 52% m-o-m. Over the period under review, imports reached the maximum at 63M litres in July 2022; however, from August 2022 to October 2022, imports failed to regain momentum.
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India Spirit and Liqueur Imports by Country
In October 2022, the UK (8.9M litres) constituted the largest spirits and liqueurs supplier to India, accounting for a 78% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (383K litres), more than tenfold. The third position in this ranking was taken by Ireland (368K litres), with a 3.2% share.
From January 2022 to October 2022, the average monthly growth rate of volume from the UK amounted to +11.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+17.2% per month) and Ireland (+5.4% per month).
In value terms, the UK ($36M) constituted the largest supplier of spirits and liqueurs to India, comprising 63% of total imports. The second position in the ranking was held by Singapore ($5.3M), with a 9.2% share of total imports. It was followed by the United Arab Emirates, with an 8.5% share.
From January 2022 to October 2022, the average monthly growth rate of value from the UK stood at +11.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (+9.7% per month) and the United Arab Emirates (+11.6% per month).
Spirit and Liqueur Market Overview
The Indian spirits and liqueurs market is one of the fastest growing markets in the world. The main drivers of this growth are the increasing disposable incomes, changing lifestyles and rising number of women drinkers. India is now the third largest market for spirits in the world after the US and China.
As incomes rise, more people are able to afford premium spirits and liqueurs, which are seen as status symbols. At the same time, changing social norms are making it more acceptable for women to drink alcohol, which is further boosting consumption. Moreover, the growing tourism industry and rising number of bars and nightclubs are also contributing to the growth of the market. And finally, the increasing availability of spirits and liqueurs is making them more accessible to consumers.
The future looks bright for the Indian spirits and liqueurs market. With continued economic growth and changing lifestyles, it is expected to continue growing at a rapid pace.
This report provides an in-depth analysis of the spirits and liqueurs market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)
- Prodcom 11011030 - Whisky (important: excluding alcohol duty)
- Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)
- Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)
- Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
