Belgium - Whisky - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWhisky Price in Belgium - 2023
Contents:
- Whisky Price in Belgium (FOB) - 2023
- Whisky Price in Belgium (CIF) - 2023
- Whisky Exports in Belgium
- Whisky Imports in Belgium
Whisky Price in Belgium (FOB) - 2023
In June 2023, the average whisky export price amounted to $9.5 per litre, with a decrease of -26.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 30% m-o-m. As a result, the export price reached the peak level of $12.9 per litre, and then contracted markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($26.9 per litre), while the average price for exports to the UK ($5.2 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 Spain (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Whisky Price in Belgium (CIF) - 2023
The average whisky import price stood at $4.5 per litre in June 2023, shrinking by -49.7% against the previous month. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 45% month-to-month. The import price peaked at $10.0 per litre in November 2022; however, from December 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($15.9 per litre), while the price for Germany ($1.7 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 Italy (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Whisky Exports in Belgium
In 2022, after three years of growth, there was significant decline in overseas shipments of whisky, when their volume decreased by -18.5% to 13M litres. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35%. The exports peaked at 16M litres in 2021, and then contracted remarkably in the following year.
In value terms, whisky exports reduced dramatically to $116M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +24.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of $150M, and then shrank sharply in the following year.
| Export of Whisky in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 38.0 | 44.3 | 66.8 | 51.5 | 10.7% |
| Luxembourg | 27.0 | 30.6 | 37.4 | 26.9 | -0.1% |
| Germany | 8.2 | 8.7 | 8.7 | 5.8 | -10.9% |
| France | 2.3 | 2.3 | 4.3 | 4.9 | 28.7% |
| Italy | 0.9 | 2.8 | 3.7 | 3.6 | 58.7% |
| Spain | 1.2 | 1.2 | 3.0 | 3.5 | 42.9% |
| Ukraine | 2.2 | 5.7 | 2.9 | 2.0 | -3.1% |
| Others | 13.5 | 16.2 | 23.5 | 17.5 | 9.0% |
| Total | 93.1 | 112 | 150 | 116 | 7.6% |
Top Export Markets for Whisky from Belgium in 2022:
- Netherlands (4.5M litres)
- Luxembourg (3.1M litres)
- Italy (1.3M litres)
- France (0.8M litres)
- Spain (0.8M litres)
- Ukraine (0.3M litres)
- Germany (0.3M litres)
Whisky Imports in Belgium
In 2022, purchases abroad of whisky decreased by -29.2% to 14M litres, falling for the second consecutive year after two years of growth. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 32%. As a result, imports reached the peak of 22M litres. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, whisky imports contracted modestly to $118M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 4.1% against the previous year. Imports peaked at $123M in 2021, and then shrank in the following year.
| Import of Whisky in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 43.8 | 41.8 | 21.5 | 23.1 | -19.2% |
| France | 6.4 | 6.5 | 10.6 | 21.8 | 50.5% |
| Luxembourg | 14.5 | 20.2 | 22.7 | 21.6 | 14.2% |
| Germany | 18.6 | 12.9 | 17.2 | 16.6 | -3.7% |
| Netherlands | 12.4 | 12.6 | 19.0 | 13.0 | 1.6% |
| Ireland | 7.1 | 7.4 | 10.7 | 12.3 | 20.1% |
| United States | 7.7 | 7.3 | 6.8 | 1.8 | -38.4% |
| Italy | 2.5 | 6.7 | 6.4 | 1.3 | -19.6% |
| Canada | 0.4 | 0.2 | 1.3 | 1.2 | 44.2% |
| Others | 1.5 | 4.0 | 7.1 | 5.5 | 54.2% |
| Total | 115 | 120 | 123 | 118 | 0.9% |
Top Suppliers of Whisky to Belgium in 2022:
- Germany (3.0M litres)
- United Kingdom (2.9M litres)
- France (2.2M litres)
- Luxembourg (1.7M litres)
- Ireland (1.4M litres)
- Netherlands (0.9M litres)
- United States (0.5M litres)
- Canada (0.4M litres)
- Italy (0.3M litres)
This report provides an in-depth analysis of the whisky market in Belgium. 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 11011030 - Whisky (important: excluding alcohol duty)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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