Liqueurs and Cordials Price in Ireland - 2023
Contents:
- Liqueurs and Cordials Price in Ireland (FOB) - 2023
- Liqueurs and Cordials Price in Ireland (CIF) - 2022
- Liqueurs and Cordials Exports in Ireland
- Liqueurs and Cordials Imports in Ireland
Liqueurs and Cordials Price in Ireland (FOB) - 2023
In June 2023, the average liqueurs and cordials export price amounted to $6.6 per litre, dropping by -3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 22% month-to-month. The export price peaked at $6.9 per litre in May 2023, and then declined modestly in the following month.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Romania ($8.5 per litre), while the average price for exports to Turkey ($3.1 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Price in Ireland (CIF) - 2022
In 2022, the average liqueurs and cordials import price amounted to $2.4 per litre, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 23% against the previous year. The import price peaked at $3.2 per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7 per litre), while the price for the UK ($1.5 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.3%), while the prices for the other major suppliers experienced a decline.
Liqueurs and Cordials Exports in Ireland
In 2022, shipments abroad of liqueurs and cordialses decreased by -7.9% to 73M litres for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.8% from 2019 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 25%. As a result, the exports reached the peak of 79M litres, and then declined in the following year.
In value terms, liqueurs and cordials exports declined to $426M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports attained the peak of $463M, and then contracted in the following year.
| Export of Liqueurs and Cordials in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 205 | 160 | N/A | 169 | -6.2% |
| Canada | 49.4 | 59.3 | N/A | 55.5 | 4.0% |
| United Kingdom | 23.5 | 17.7 | N/A | 24.5 | 1.4% |
| Germany | 23.3 | 17.2 | N/A | 23.9 | 0.9% |
| Mexico | 6.7 | 10.3 | N/A | 16.7 | 35.6% |
| Romania | 4.0 | 2.5 | N/A | 14.7 | 54.3% |
| Poland | 7.5 | 7.3 | N/A | 8.6 | 4.7% |
| Spain | 8.7 | 5.2 | N/A | 8.6 | -0.4% |
| China | 3.6 | 3.7 | N/A | 7.0 | 24.8% |
| France | 1.6 | 2.7 | N/A | 6.2 | 57.1% |
| Others | 74.8 | 77.0 | 463 | 91.4 | 6.9% |
| Total | 408 | 363 | 463 | 426 | 1.4% |
Top Export Markets for Liqueurs and Cordials from Ireland in 2022:
- United States (24.4M litres)
- Canada (8.1M litres)
- United Kingdom (6.1M litres)
- Germany (5.9M litres)
- Mexico (3.1M litres)
- Spain (2.5M litres)
- Romania (1.9M litres)
- Poland (1.7M litres)
- China (1.6M litres)
- France (1.4M litres)
Liqueurs and Cordials Imports in Ireland
In 2022, approx. 13M litres of liqueurs and cordialses were imported into Ireland; standing approx. at 2021. In general, imports saw a deep setback. The smallest decline of -21.8% was in 2020. Imports peaked at 18M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, liqueurs and cordials imports amounted to $32M in 2022. Overall, imports showed a abrupt contraction. The smallest decline of -16.4% was in 2020. Imports peaked at $47M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Liqueurs and Cordials in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 37.7 | 31.9 | N/A | 15.0 | -26.4% |
| Germany | 2.2 | 1.5 | N/A | 3.9 | 21.0% |
| Italy | 2.3 | 1.8 | N/A | 3.8 | 18.2% |
| Netherlands | 1.1 | 1.0 | N/A | 3.5 | 47.1% |
| Spain | N/A | N/A | N/A | 2.6 | 0% |
| United States | 1.1 | 1.2 | N/A | 1.8 | 17.8% |
| Others | 2.4 | 1.8 | N/A | 1.4 | -16.4% |
| Total | 46.8 | 39.1 | N/A | 32.0 | -11.9% |
Top Suppliers of Liqueurs and Cordials to Ireland in 2022:
- United Kingdom (10.0M litres)
- Netherlands (1.1M litres)
- Spain (0.8M litres)
- Germany (0.6M litres)
- Italy (0.5M litres)
- United States (0.3M litres)
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