Asia: Gin And Geneva Market 2023

Gin And Geneva Market Size in Asia

After two years of decline, the Asian gin and geneva market increased by 1.8% to $X in 2022. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Gin And Geneva Production in Asia

In value terms, gin and geneva production contracted to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 29%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Gin And Geneva Exports

Exports in Asia

Gin and geneva exports surged to X litres in 2022, rising by 25% on 2021 figures. Overall, exports showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, gin and geneva exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, Japan (X litres) was the major exporter of gin and geneva, mixing up 37% of total exports. Thailand (X litres) took the second position in the ranking, followed by Singapore (X litres), India (X litres) and the Philippines (X litres). All these countries together held near 54% share of total exports. The following exporters - China (X litres) and Turkey (X litres) - each accounted for a 4% share of total exports.

Japan was also the fastest-growing in terms of the gin and geneva exports, with a CAGR of +190.6% from 2012 to 2022. At the same time, China (+73.9%), Thailand (+55.7%), Turkey (+29.5%), India (+10.2%), Singapore (+8.6%) and the Philippines (+1.6%) displayed positive paces of growth. From 2012 to 2022, the share of Japan, Thailand, China and Turkey increased by +37, +16, +2.4 and +1.5 percentage points, respectively.

In value terms, Singapore ($X), Japan ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2022, with a combined 86% share of total exports.

Japan, with a CAGR of +191.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per litre, surging by 8.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 26% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Gin And Geneva Imports

Imports in Asia

In 2022, approx. X litres of gin and geneva were imported in Asia; picking up by 29% against 2021. Over the period under review, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X litres), Japan (X litres), India (X litres), Thailand (X litres), China (X litres), the United Arab Emirates (X litres) and Singapore (X litres) was the key importer of gin and geneva in Asia, constituting 73% of total import. It was distantly followed by the Philippines (X litres), mixing up a 4.9% share of total imports. Cyprus (X litres), Israel (X litres), Taiwan (Chinese) (X litres), Malaysia (X litres) and South Korea (X litres) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gin and geneva importing markets in Asia were Singapore ($X), Japan ($X) and the United Arab Emirates ($X), together comprising 39% of total imports. India, Turkey, China, Thailand, Israel, Malaysia, Cyprus, Taiwan (Chinese), South Korea and the Philippines lagged somewhat behind, together accounting for a further 52%.

Among the main importing countries, Israel, with a CAGR of +40.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per litre, waning by -6.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 5.5%. Over the period under review, import prices reached the peak figure at $X per litre in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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