Canada - Vodka - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Spirits, Liqueurs and Other Spirituous Beverages in Canada - 2023
Contents:
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Canada (CIF) - 2022
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Canada (FOB) - 2023
- Imports of Spirits, Liqueurs and Other Spirituous Beverages in Canada
- Exports of Spirits, Liqueurs and Other Spirituous Beverages in Canada
Price for Spirits, Liqueurs and Other Spirituous Beverages in Canada (CIF) - 2022
The average import price for spirits, liqueurs and other spirituous beverages stood at $5.3 per litre in 2022, with an increase of 3.2% against the previous year. In general, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 137%. As a result, import price reached the peak level of $28 per litre. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($6.2 per litre) and Ireland ($6 per litre), while the price for Sweden ($4.3 per litre) and France ($4.9 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-2.0%), while the prices for the other major suppliers experienced a decline.
Price for Spirits, Liqueurs and Other Spirituous Beverages in Canada (FOB) - 2023
In September 2023, the average export price for spirits, liqueurs and other spirituous beverages amounted to $10.7 per litre, approximately mirroring the previous month. In general, export price indicated a temperate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for spirits, liqueurs and other spirituous beverages decreased by -1.2% against June 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 52% against the previous month. The export price peaked at $10.8 per litre in June 2023; however, from July 2023 to September 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 ($10.9 per litre), while the average price for exports to the Netherlands stood at $3.9 per litre.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%).
Imports of Spirits, Liqueurs and Other Spirituous Beverages in Canada
In 2022, approx. 111M litres of spirits, liqueurs and other spirituous beverages were imported into Canada; increasing by 11% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spirits, liqueurs and other spirituous beverages expanded sharply to $587M in 2022. The total import value increased at an average annual rate of +12.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spirits, Liqueurs and Other Spirituous Beverages in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 66.5 | 75.5 | 114 | 155 | 32.6% |
| United States | 99.2 | 136 | 120 | 128 | 8.9% |
| France | 49.2 | 48.3 | 53.8 | 73.1 | 14.1% |
| Ireland | 55.8 | 63.6 | 74.1 | 60.0 | 2.4% |
| Sweden | 29.7 | 33.0 | 32.8 | 34.3 | 4.9% |
| Italy | 20.1 | 22.3 | 28.5 | 32.0 | 16.8% |
| China | 17.0 | 2.5 | 5.7 | 16.8 | -0.4% |
| New Zealand | 9.0 | 11.4 | 14.9 | 14.2 | 16.4% |
| Latvia | 9.6 | 12.4 | 12.7 | 12.4 | 8.9% |
| Germany | 12.2 | 8.6 | 11.0 | 11.7 | -1.4% |
| Netherlands | 9.5 | 7.8 | 9.0 | 9.3 | -0.7% |
| Poland | 9.5 | 7.6 | 8.1 | 9.0 | -1.8% |
| Others | 28.2 | 25.7 | 28.1 | 30.7 | 2.9% |
| Total | 416 | 454 | 513 | 587 | 12.2% |
Top Suppliers of Spirits, Liqueurs and Other Spirituous Beverages to Canada in 2022:
- Mexico (28.4M litres)
- United States (24.1M litres)
- France (14.8M litres)
- Ireland (10.0M litres)
- Sweden (7.9M litres)
- Italy (5.3M litres)
- China (3.1M litres)
- Latvia (2.9M litres)
- New Zealand (2.6M litres)
- Poland (2.1M litres)
- Netherlands (2.0M litres)
- Germany (1.9M litres)
Exports of Spirits, Liqueurs and Other Spirituous Beverages in Canada
After three years of growth, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by -8.1% to 40M litres in 2022. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. Over the period under review, the exports of attained the peak figure at 43M litres in 2021, and then declined in the following year.
In value terms, exports of spirits, liqueurs and other spirituous beverages declined to $225M in 2022. The total export value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports reached the peak of $254M, and then shrank in the following year.
| Export of Spirits, Liqueurs and Other Spirituous Beverages in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 185 | 205 | 240 | 207 | 3.8% |
| Others | 9.8 | 13.2 | 14.1 | 17.4 | 21.1% |
| Total | 195 | 218 | 254 | 225 | 4.9% |
Top Export Markets for Spirits, Liqueurs and Other Spirituous Beverages from Canada in 2022:
- United States (36.1M litres)
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in Canada. 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 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)
- Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))
- Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)
- Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
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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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