Republic of Korea - Gin And Geneva - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGin and Geneva Price in South Korea - 2022
Contents:
- Gin and Geneva Price in South Korea (CIF) - 2022
- Gin and Geneva Price in South Korea (FOB) - 2022
- Gin and Geneva Imports in South Korea
- Gin and Geneva Exports in South Korea
Gin and Geneva Price in South Korea (CIF) - 2022
In December 2022, the average gin and geneva import price amounted to $3.8 per litre, with a decrease of -29.9% against the previous month. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in June 2022 an increase of 33% month-to-month. As a result, import price attained the peak level of $7.4 per litre. From July 2022 to December 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5.6 per litre), while the price for France ($1.3 per litre) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.1%), while the prices for the other major suppliers experienced a decline.
Gin and Geneva Price in South Korea (FOB) - 2022
In 2022, the average gin and geneva export price amounted to $1.8 per litre, dropping by -11.2% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 23%. As a result, the export price attained the peak level of $5.4 per litre. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1.8 per litre), while the average price for exports to the Philippines ($1.8 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-6.0%), while the prices for the other major destinations experienced a decline.
Gin and Geneva Imports in South Korea
In 2022, purchases abroad of gin and geneva decreased by -4.6% to 551K litres for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.7% against the previous year. As a result, imports attained the peak of 578K litres, and then contracted modestly in the following year.
In value terms, gin and geneva imports shrank to $3.2M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $3.5M, and then contracted in the following year.
| Import of Gin and Geneva in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,770 | 2,197 | 2,373 | 1,915 | 2.7% |
| United States | 147 | 179 | 146 | 116 | -7.6% |
| France | 18.0 | 41.9 | 80.4 | 110 | 82.8% |
| Spain | 63.8 | 36.5 | 50.8 | 77.2 | 6.6% |
| Netherlands | 47.3 | 23.7 | 77.2 | 76.9 | 17.6% |
| Singapore | 288 | 239 | 161 | 75.0 | -36.1% |
| Philippines | 5.6 | 4.4 | 3.0 | 14.7 | 37.9% |
| Others | 275 | 172 | 628 | 822 | 44.0% |
| Total | 2,615 | 2,893 | 3,519 | 3,206 | 7.0% |
Top Suppliers of Gin and Geneva to South Korea in 2022:
- United Kingdom (345.4K litres)
- United States (47.3K litres)
- France (30.0K litres)
- Spain (21.7K litres)
- Philippines (8.5K litres)
- Netherlands (7.0K litres)
- Singapore (4.4K litres)
Gin and Geneva Exports in South Korea
In 2022, after two years of decline, there was significant growth in shipments abroad of gin and geneva, when their volume increased by 46% to 208K litres. Overall, exports, however, recorded a dramatic contraction. Over the period under review, the exports hit record highs at 1.2M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, gin and geneva exports soared to $381K in 2022. In general, exports, however, recorded a dramatic shrinkage. The exports peaked at $2.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Gin and Geneva in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 454 | 225 | 120 | 257 | -17.3% |
| Philippines | 544 | 149 | 39.2 | 96.3 | -43.9% |
| Japan | 1,008 | 82.9 | 9.6 | 18.5 | -73.6% |
| Others | 77.9 | 10.8 | 125 | 8.9 | -51.5% |
| Total | 2,085 | 468 | 294 | 381 | -43.3% |
Top Export Markets for Gin and Geneva from South Korea in 2022:
- Thailand (142.5K litres)
- Philippines (54.6K litres)
- Japan (10.2K litres)
This report provides an in-depth analysis of the gin and geneva market in Republic of Korea. 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 11011050 - Gin and geneva (important: excluding alcohol duty)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
-
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
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