Liqueurs and Cordials Price in Italy - 2023
Contents:
- Liqueurs and Cordials Price in Italy (FOB) - 2023
- Liqueurs and Cordials Price in Italy (CIF) - 2023
- Liqueurs and Cordials Exports in Italy
- Liqueurs and Cordials Imports in Italy
Liqueurs and Cordials Price in Italy (FOB) - 2023
In June 2023, the average liqueurs and cordials export price amounted to $6.0 per litre, increasing by 2.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in November 2022 an increase of 31% m-o-m. The export price peaked at $6.4 per litre in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($9.2 per litre), while the average price for exports to Cuba ($1.9 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 Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Price in Italy (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $5.1 per litre, reducing by -4.4% against the previous month. In general, import price indicated notable growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials import price increased by +6.5% against February 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 105% m-o-m. As a result, import price reached the peak level of $7.4 per litre. From December 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Ireland ($18.0 per litre), while the price for the Czech Republic ($2.6 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in Italy
In 2022, approx. 114M litres of liqueurs and cordialses were exported from Italy; picking up by 5.1% on the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, liqueurs and cordials exports reached $558M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; 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 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Liqueurs and Cordials in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 98.7 | 80.9 | 103 | 130 | 9.6% |
| Germany | 127 | 89.4 | 106 | 98.3 | -8.2% |
| United Kingdom | 46.4 | 55.3 | 72.8 | 64.6 | 11.7% |
| France | 48.4 | 38.8 | 30.9 | 27.2 | -17.5% |
| Netherlands | 13.6 | 16.0 | 18.8 | 26.4 | 24.7% |
| Spain | 17.9 | 12.6 | 18.2 | 23.0 | 8.7% |
| Canada | 14.5 | 15.3 | 19.0 | 18.8 | 9.0% |
| Nigeria | 9.9 | 8.8 | 14.0 | 13.1 | 9.8% |
| Belgium | 13.2 | 13.5 | 15.2 | 12.6 | -1.5% |
| Switzerland | 10.2 | 11.1 | 12.6 | 12.2 | 6.1% |
| Australia | 8.6 | 8.2 | 11.1 | 11.4 | 9.9% |
| Austria | 9.1 | 9.6 | 10.5 | 9.8 | 2.5% |
| Chile | 1.7 | 2.4 | 8.7 | 9.3 | 76.2% |
| Others | 69.3 | 57.1 | 89.2 | 102 | 13.8% |
| Total | 489 | 419 | 530 | 558 | 4.5% |
Top Export Markets for Liqueurs and Cordials from Italy in 2022:
- Germany (34.2M litres)
- United States (15.7M litres)
- United Kingdom (8.9M litres)
- France (7.5M litres)
- Netherlands (5.2M litres)
- Spain (4.8M litres)
- Canada (3.5M litres)
- Belgium (3.1M litres)
- Chile (2.5M litres)
- Austria (2.4M litres)
- Switzerland (2.3M litres)
- Nigeria (2.2M litres)
- Australia (1.9M litres)
Liqueurs and Cordials Imports in Italy
Liqueurs and cordials imports into Italy was estimated at 18M litres in 2022, growing by 15% on 2021. The total import volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, 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 18%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, liqueurs and cordials imports rose modestly to $85M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Liqueurs and Cordials in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 17.4 | 16.6 | 20.2 | 17.5 | 0.2% |
| Germany | 16.9 | 13.4 | 14.8 | 15.7 | -2.4% |
| Netherlands | 5.8 | 7.4 | 11.8 | 14.5 | 35.7% |
| France | 12.5 | 8.6 | 12.6 | 10.3 | -6.2% |
| Spain | 5.6 | 3.4 | 4.7 | 5.7 | 0.6% |
| United Kingdom | 1.0 | 0.6 | 0.2 | 4.7 | 67.5% |
| Czech Republic | 7.0 | 4.6 | 3.7 | 3.6 | -19.9% |
| Hungary | 2.1 | 2.3 | 2.9 | 2.8 | 10.1% |
| Others | 5.2 | 4.6 | 10.0 | 10.1 | 24.8% |
| Total | 73.5 | 61.5 | 81.0 | 84.8 | 4.9% |
Top Suppliers of Liqueurs and Cordials to Italy in 2022:
- Germany (4.5M litres)
- Netherlands (3.8M litres)
- Ireland (2.3M litres)
- Czech Republic (1.9M litres)
- France (1.5M litres)
- Spain (1.5M litres)
- United Kingdom (0.5M litres)
- Hungary (0.5M litres)
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