Liqueurs and Cordials Price in Australia - 2023
Contents:
- Liqueurs and Cordials Price in Australia (CIF) - 2022
- Liqueurs and Cordials Price in Australia (FOB) - 2022
- Liqueurs and Cordials Imports in Australia
- Liqueurs and Cordials Exports in Australia
Liqueurs and Cordials Price in Australia (CIF) - 2022
The average liqueurs and cordials import price stood at $7.1 per litre in 2022, with an increase of 15% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($7.1 per litre) and the United States ($7.1 per litre), while the price for the UK ($7.1 per litre) and Italy ($7.1 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Australia (FOB) - 2022
In 2022, the average liqueurs and cordials export price amounted to $6.4 per litre, waning by -8.2% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liqueurs and cordials export price decreased by +0.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 68% against the previous year. The export price peaked at $6.9 per litre in 2021, and then contracted in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($6.4 per litre) and Vanuatu ($6.4 per litre), while the average price for exports to Singapore ($6.4 per litre) and France ($6.4 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Australia
After three years of growth, overseas purchases of liqueurs and cordialses decreased by -8.5% to 17M litres in 2022. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 19M litres, and then fell in the following year.
In value terms, liqueurs and cordials imports rose significantly to $122M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 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 imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Liqueurs and Cordials in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.7 | 17.1 | 19.2 | 22.9 | 25.1% |
| Italy | 15.2 | 15.0 | 20.4 | 20.4 | 10.3% |
| France | 10.5 | 12.8 | 17.9 | 19.4 | 22.7% |
| United Kingdom | 2.8 | 3.4 | 3.2 | 16.7 | 81.4% |
| Ireland | 24.5 | 26.6 | 22.4 | 10.4 | -24.8% |
| Spain | 4.0 | 5.4 | 10.2 | 10.0 | 35.7% |
| Germany | 4.7 | 2.7 | 4.3 | 4.5 | -1.4% |
| Netherlands | 1.2 | 0.9 | 3.3 | 3.3 | 40.1% |
| Canada | 4.0 | 3.5 | 3.0 | 2.5 | -14.5% |
| Mexico | 2.4 | 3.5 | 3.0 | 1.1 | -22.9% |
| Others | 4.3 | 4.8 | 8.6 | 10.2 | 33.4% |
| Total | 85.3 | 95.6 | 116 | 122 | 12.7% |
Top Suppliers of Liqueurs and Cordials to Australia in 2022:
- United States (3.2M litres)
- Italy (2.9M litres)
- France (2.7M litres)
- United Kingdom (2.3M litres)
- Ireland (1.5M litres)
- Spain (1.4M litres)
- Germany (0.6M litres)
- Netherlands (0.5M litres)
- Canada (0.4M litres)
- Mexico (0.2M litres)
Liqueurs and Cordials Exports in Australia
In 2022, the amount of liqueurs and cordialses exported from Australia skyrocketed to 3.1M litres, picking up by 26% on the year before. In general, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2021 with an increase of 165%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, liqueurs and cordials exports skyrocketed to $20M in 2022. Over the period under review, exports showed a tangible expansion. The growth pace was the most rapid in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Liqueurs and Cordials in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | 1.7 | 7.1 | 317.6% |
| United States | 0.4 | 0.5 | 1.9 | 4.7 | 127.3% |
| New Zealand | 3.5 | 1.1 | 1.2 | 3.2 | -2.9% |
| United Kingdom | 0.2 | 0.1 | 0.7 | 1.9 | 111.8% |
| China | 9.0 | 2.7 | 10.0 | 0.5 | -61.8% |
| Fiji | 0.4 | 0.1 | N/A | 0.5 | 7.7% |
| Vietnam | 0.3 | N/A | 0.6 | 0.3 | 0.0% |
| Others | 4.7 | 1.4 | 1.1 | 1.6 | -30.2% |
| Total | 18.5 | 5.9 | 17.3 | 20.0 | 2.6% |
Top Export Markets for Liqueurs and Cordials from Australia in 2022:
- Macao SAR (1112.5K litres)
- United States (743.4K litres)
- New Zealand (505.5K litres)
- United Kingdom (300.9K litres)
- China (86.0K litres)
- Fiji (81.2K litres)
- Vietnam (53.0K litres)
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