Liqueurs and Cordials Price in Spain - 2023
Contents:
- Liqueurs and Cordials Price in Spain (FOB) - 2023
- Liqueurs and Cordials Price in Spain (CIF) - 2023
- Liqueurs and Cordials Exports in Spain
- Liqueurs and Cordials Imports in Spain
Liqueurs and Cordials Price in Spain (FOB) - 2023
In June 2023, the average liqueurs and cordials export price amounted to $5.3 per litre, increasing by 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in January 2023 an increase of 14% m-o-m. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($7.9 per litre), while the average price for exports to France ($2.9 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 Brazil (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Price in Spain (CIF) - 2023
The average liqueurs and cordials import price stood at $5.2 per litre in June 2023, picking up by 17% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 27% month-to-month. Over the period under review, average import prices attained the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Luxembourg ($10.5 per litre), while the price for Portugal ($2.1 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 Portugal (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in Spain
After three years of growth, shipments abroad of liqueurs and cordialses decreased by -1.4% to 55M litres in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of 56M litres, and then reduced modestly in the following year.
In value terms, liqueurs and cordials exports reached $237M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Liqueurs and Cordials in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.5 | 31.5 | 39.3 | 40.5 | 15.2% |
| United Kingdom | 25.5 | 27.4 | 34.6 | 28.9 | 4.3% |
| Netherlands | 20.1 | 17.3 | 21.7 | 21.0 | 1.5% |
| Mexico | 12.5 | 8.6 | 12.3 | 14.0 | 3.8% |
| France | 9.8 | 8.5 | 12.2 | 12.4 | 8.2% |
| United States | 8.8 | 5.9 | 10.5 | 11.7 | 10.0% |
| Belgium | 4.8 | 6.0 | 10.1 | 9.4 | 25.1% |
| Poland | 2.7 | 7.4 | 10.0 | 9.3 | 51.0% |
| Australia | 5.1 | 5.7 | 9.5 | 8.3 | 17.6% |
| Brazil | 0.8 | 1.6 | 3.9 | 8.0 | 115.4% |
| Italy | 4.0 | 2.5 | 3.9 | 4.2 | 1.6% |
| Ireland | 1.0 | 1.6 | 2.8 | 4.1 | 60.1% |
| Portugal | 1.9 | 1.2 | 2.9 | 2.8 | 13.8% |
| Others | 49.7 | 49.0 | 62.8 | 62.6 | 8.0% |
| Total | 173 | 174 | 237 | 237 | 11.1% |
Top Export Markets for Liqueurs and Cordials from Spain in 2022:
- Germany (9.9M litres)
- United Kingdom (8.6M litres)
- France (6.0M litres)
- Netherlands (3.5M litres)
- Belgium (2.3M litres)
- Mexico (2.2M litres)
- United States (2.1M litres)
- Poland (1.8M litres)
- Australia (1.6M litres)
- Brazil (1.3M litres)
- Italy (1.3M litres)
- Ireland (1.0M litres)
- Portugal (0.9M litres)
Liqueurs and Cordials Imports in Spain
Liqueurs and cordials imports into Spain skyrocketed to 29M litres in 2022, jumping by 25% against 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, liqueurs and cordials imports skyrocketed to $117M in 2022. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Liqueurs and Cordials in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.9 | 24.2 | 29.3 | 29.2 | -2.9% |
| Germany | 23.2 | 13.9 | 23.9 | 26.1 | 4.0% |
| Italy | 17.1 | 11.7 | 17.0 | 24.0 | 12.0% |
| France | 6.7 | 5.5 | 7.6 | 9.2 | 11.1% |
| Cuba | 5.4 | 4.1 | 4.9 | 7.4 | 11.1% |
| United Kingdom | 5.2 | 1.3 | 0.4 | 4.9 | -2.0% |
| Ireland | 5.1 | 3.7 | 4.1 | 4.9 | -1.3% |
| Belgium | 2.5 | 0.6 | 3.7 | 4.7 | 23.4% |
| United States | 2.1 | 0.5 | 2.3 | 2.5 | 6.0% |
| Others | 3.2 | 3.1 | 4.0 | 4.6 | 12.9% |
| Total | 102 | 68.6 | 97.2 | 117 | 4.7% |
Top Suppliers of Liqueurs and Cordials to Spain in 2022:
- Germany (7.5M litres)
- Italy (6.3M litres)
- Netherlands (5.3M litres)
- Cuba (2.5M litres)
- Ireland (1.6M litres)
- United States (1.5M litres)
- France (1.3M litres)
- Belgium (0.7M litres)
- United Kingdom (0.6M litres)
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