Singapore - Vodka - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Spirits, Liqueurs and Other Spirituous Beverages in Singapore - 2022
Contents:
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Singapore (CIF) - 2022
- Price for Spirits, Liqueurs and Other Spirituous Beverages in Singapore (FOB) - 2022
- Imports of Spirits, Liqueurs and Other Spirituous Beverages in Singapore
- Exports of Spirits, Liqueurs and Other Spirituous Beverages in Singapore
Price for Spirits, Liqueurs and Other Spirituous Beverages in Singapore (CIF) - 2022
The average import price for spirits, liqueurs and other spirituous beverages stood at $21 per litre in 2022, jumping by 32% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spirits, liqueurs and other spirituous beverages increased by +91.6% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($146 per litre), while the price for South Korea ($1.9 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spirits, Liqueurs and Other Spirituous Beverages in Singapore (FOB) - 2022
In September 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $34.0 per litre, declining by -18.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 an increase of 129% against the previous month. The export price peaked at $45.6 per litre in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($241 per litre), while the average price for exports to Cambodia ($3.7 per litre) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spirits, Liqueurs and Other Spirituous Beverages in Singapore
In 2022, imports of spirits, liqueurs and other spirituous beverages into Singapore rose slightly to 12M litres, growing by 4.7% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of spirits, liqueurs and other spirituous beverages soared to $264M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spirits, Liqueurs and Other Spirituous Beverages in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.2 | 104 | 124 | 187 | 36.7% |
| France | 14.4 | 10.8 | 8.1 | 16.1 | 3.8% |
| Mexico | 14.3 | 10.3 | 10.8 | 15.7 | 3.2% |
| Germany | 5.2 | 5.2 | 5.2 | 6.9 | 9.9% |
| Italy | 2.8 | 3.0 | 3.5 | 5.9 | 28.2% |
| Japan | 3.0 | 3.1 | 5.1 | 5.1 | 19.3% |
| United Kingdom | 5.1 | 2.1 | 2.2 | 4.9 | -1.3% |
| Sweden | 7.5 | 3.3 | 3.6 | 3.8 | -20.3% |
| Ireland | 5.4 | 4.2 | 4.0 | 3.5 | -13.5% |
| Poland | 6.4 | 3.4 | 4.0 | 3.3 | -19.8% |
| South Korea | 1.2 | 3.2 | 4.0 | 2.8 | 32.6% |
| Netherlands | 2.6 | 1.4 | 1.2 | 2.6 | 0.0% |
| Others | 8.8 | 8.6 | 14.6 | 5.7 | -13.5% |
| Total | 150 | 163 | 190 | 264 | 20.7% |
Top Suppliers of Spirits, Liqueurs and Other Spirituous Beverages to Singapore in 2022:
- France (1585.7K litres)
- South Korea (1513.5K litres)
- Japan (1385.0K litres)
- Mexico (1301.5K litres)
- China (1280.3K litres)
- Italy (1099.1K litres)
- Germany (941.2K litres)
- Sweden (831.3K litres)
- Poland (637.6K litres)
- United Kingdom (580.0K litres)
- Ireland (317.7K litres)
- Netherlands (206.7K litres)
Exports of Spirits, Liqueurs and Other Spirituous Beverages in Singapore
In 2022, the amount of spirits, liqueurs and other spirituous beverages exported from Singapore expanded slightly to 6.8M litres, growing by 3.7% on 2021. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 7%. Over the period under review, the exports of attained the peak figure at 8.3M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of spirits, liqueurs and other spirituous beverages shrank to $180M in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.8%. As a result, the exports reached the peak of $182M, leveling off in the following year.
| Export of Spirits, Liqueurs and Other Spirituous Beverages in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 73.7 | 40.5 | 71.5 | 50.4 | -11.9% |
| Macao SAR | 0.2 | 9.1 | 3.5 | 31.7 | 441.2% |
| Thailand | 14.3 | 12.3 | 8.1 | 20.2 | 12.2% |
| China | 7.3 | 51.7 | 39.9 | 15.2 | 27.7% |
| Hong Kong SAR | 5.2 | 9.3 | 14.6 | 12.4 | 33.6% |
| India | 5.4 | 1.8 | 2.0 | 6.1 | 4.1% |
| Indonesia | 4.4 | 3.3 | 5.3 | 6.0 | 10.9% |
| Australia | 13.6 | 10.6 | 10.4 | 5.8 | -24.7% |
| Malaysia | 8.9 | 5.4 | 3.5 | 5.4 | -15.3% |
| Philippines | 5.2 | 3.2 | 1.9 | 4.6 | -4.0% |
| Netherlands | 1.1 | 2.6 | 4.3 | 4.3 | 57.5% |
| Others | 19.6 | 15.8 | 16.8 | 18.4 | -2.1% |
| Total | 159 | 165 | 182 | 180 | 4.2% |
Top Export Markets for Spirits, Liqueurs and Other Spirituous Beverages from Singapore in 2022:
- Macao SAR (1630.2K litres)
- Thailand (1283.9K litres)
- Vietnam (1008.4K litres)
- Malaysia (598.4K litres)
- Australia (541.3K litres)
- Philippines (476.1K litres)
- Netherlands (461.1K litres)
- Indonesia (446.9K litres)
- India (427.2K litres)
- Hong Kong SAR (225.9K litres)
- China (179.6K litres)
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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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