Philippines - Vodka - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Spirits, Liqueurs and Other Spirituous Beverages in the Philippines - 2023
Contents:
- Price for Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (CIF) - 2023
- Price for Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (FOB) - 2022
- Imports of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines
- Exports of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines
Price for Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (CIF) - 2023
In July 2023, the average import price for spirits, liqueurs and other spirituous beverages amounted to $3.0 per litre, declining by -16.9% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 149% against the previous month. As a result, import price reached the peak level of $4.8 per litre. From January 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4.6 per litre), while the price for Singapore ($1.8 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (FOB) - 2022
In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $2 per litre, with an increase of 98% against the previous year. Over the period under review, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,783%. As a result, the export price reached the peak level of $30 per litre. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2.6 per litre), while the average price for exports to Macao SAR ($0.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines
In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages decreased by -34% to 9.9M litres, falling for the second consecutive year after two years of growth. In general, imports saw a noticeable contraction. The pace of growth was the most pronounced in 2020 when imports increased by 80%. As a result, imports attained the peak of 20M litres. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spirits, liqueurs and other spirituous beverages rose remarkably to $23M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 26%. As a result, imports attained the peak of $24M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.8 | 18.0 | 12.4 | 6.2 | -7.4% |
| Mexico | 3.3 | 2.4 | 1.9 | 4.8 | 13.3% |
| Japan | 0.5 | 0.3 | 1.6 | 2.5 | 71.0% |
| Singapore | 2.1 | 0.6 | 0.4 | 1.2 | -17.0% |
| Taiwan (Chinese) | N/A | N/A | 0.5 | 1.1 | 120.0% |
| Germany | 0.7 | 0.4 | 0.2 | 1.1 | 16.3% |
| China | 0.3 | 0.2 | 0.3 | 1.1 | 54.2% |
| United Kingdom | 0.6 | 0.7 | 0.2 | 1.0 | 18.6% |
| Italy | 0.8 | 0.4 | 0.3 | 0.8 | 0.0% |
| Sweden | 0.2 | N/A | 0.2 | 0.5 | 35.7% |
| Vietnam | 0.9 | 0.3 | 0.3 | 0.5 | -17.8% |
| Ireland | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Others | 1.7 | 0.6 | 1.1 | 1.6 | -2.0% |
| Total | 19.0 | 23.8 | 19.7 | 22.5 | 5.8% |
Top Suppliers of Spirits, Liqueurs and Other Spirituous Beverages to the Philippines in 2022:
- South Korea (4418.7K litres)
- Mexico (1384.0K litres)
- Japan (878.4K litres)
- United Kingdom (522.7K litres)
- Germany (420.5K litres)
- Singapore (386.7K litres)
- Taiwan (Chinese) (295.4K litres)
- Vietnam (293.1K litres)
- Sweden (271.2K litres)
- China (196.2K litres)
- Italy (168.8K litres)
- Ireland (168.1K litres)
Exports of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines
Exports of spirits, liqueurs and other spirituous beverages from the Philippines fell sharply to 32K litres in 2022, declining by -71.6% compared with 2021 figures. In general, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. Over the period under review, the exports of hit record highs at 235K litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of spirits, liqueurs and other spirituous beverages fell sharply to $64K in 2022. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 725%. As a result, the exports reached the peak of $3.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spirits, Liqueurs and Other Spirituous Beverages in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 69.6 | N/A | 20.3 | 38.8 | -17.7% |
| United Arab Emirates | 24.4 | 11.8 | N/A | 12.1 | -20.8% |
| Macao SAR | 29.3 | 11.4 | 46.4 | 4.0 | -48.5% |
| Hong Kong SAR | N/A | 997 | 14.3 | 3.5 | -94.1% |
| South Korea | 203 | 27.1 | 1.2 | 2.2 | -77.9% |
| Taiwan (Chinese) | 9.6 | N/A | N/A | N/A | 0% |
| Spain | N/A | 986 | N/A | N/A | 0% |
| Others | 34.7 | 1,024 | 30.9 | 3.1 | -55.3% |
| Total | 370 | 3,057 | 113 | 63.6 | -44.4% |
Top Export Markets for Spirits, Liqueurs and Other Spirituous Beverages from the Philippines in 2022:
- United States (14.7K litres)
- United Arab Emirates (12.7K litres)
- Macao SAR (6.9K litres)
- Hong Kong SAR (2.2K litres)
- South Korea (1.8K litres)
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
300
This report provides an in-depth analysis of the market for spirits, liqueurs and other spirituous beverages in the Philippines.
748
This report provides an in-depth analysis of the spirits and liqueurs market in the Philippines.
485
This report provides an in-depth analysis of the grape wine spirits market in the Philippines.
571
This report provides an in-depth analysis of the whisky market in the Philippines.
571
This report provides an in-depth analysis of the rum market in the Philippines.
462
This report provides an in-depth analysis of the gin and geneva market in the Philippines.
325
This report provides an in-depth analysis of the global market for spirits, liqueurs and other spirituous beverages.
2135
This report provides an in-depth analysis of the global spirits and liqueurs market.
563
This report provides an in-depth analysis of the global grape wine spirits market.
1238
This report provides an in-depth analysis of the global whisky market.
161
Explore the top import markets for spirits, liqueurs, and other alcoholic beverages, including key statistics and import values. Discover the demand and trends in countries such as the United States, Germany, United Kingdom, and more. Gain valuable insights for producers and exporters in the global market.
245
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
1292
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
792
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
141
Explore the world's best import markets for grape wine spirits with key statistics and insights. Learn about the top countries and their import values. Discover opportunities for wine producers and exporters.
242
This article explores the world's best import markets for whisky, including the United States, France, Singapore, the Netherlands, Germany, Taiwan, China, Japan, Australia, and Spain. It highlights their growing demand for whisky, the popularity of different styles and brands, and the emergence of whisky culture in these countries. The IndexBox market intelligence platform provides valuable data and insights for businesses operating in the whisky market.
457
Explore the top import markets for rum worldwide and discover the cultural preferences, consumer trends, and cocktail cultures that contribute to the popularity of rum in these countries.
161
Explore the top import markets for spirits, liqueurs, and other alcoholic beverages, including key statistics and import values. Discover the demand and trends in countries such as the United States, Germany, United Kingdom, and more. Gain valuable insights for producers and exporters in the global market.
245
Explore the top import markets for spirits and liqueurs based on their import values. Find out key statistics and market insights on the world's leading countries for importing spirits and liqueurs.
1292
In 2016, the amount of spirit and liqueur imported worldwide stood at X tons, coming up by X% against the previous year level. The total import volume increased at an average annual rate of +X% o...
