Asia: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in Asia

The Asian spirits and liqueurs market expanded significantly to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Spirits And Liqueurs Production in Asia

In value terms, spirits and liqueurs production amounted to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in Asia

Spirits and liqueurs exports soared to X litres in 2021, increasing by X% against the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from South Korea (X litres), Armenia (X litres), India (X litres), Japan (X litres), Georgia (X litres) and China (X litres), together resulting at X% of total export. Singapore (X litres) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs supplying countries in Asia were China ($X), Japan ($X) and Armenia ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2021, the export price in Asia amounted to $X per litre, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Singapore ($X per litre), while South Korea ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports in Asia

In 2021, the amount of spirits, liqueurs and other spirituous beverages imported in Asia soared to X litres, picking up by X% on 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of import peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X litres), distantly followed by Japan (X litres), Singapore (X litres), the United Arab Emirates (X litres), Taiwan (Chinese) (X litres), India (X litres) and the Philippines (X litres) were the major importers of spirits, liqueurs and other spirituous beverages, together mixing up X% of total imports. Israel (X litres), South Korea (X litres), Turkey (X litres), Malaysia (X litres) and Hong Kong SAR (X litres) followed a long way behind the leaders.

China was also the fastest-growing in terms of the spirits, liqueurs and other spirituous beverages imports, with a CAGR of +X% from 2012 to 2021. At the same time, Taiwan (Chinese) (+X%), Israel (+X%), the United Arab Emirates (+X%), India (+X%), the Philippines (+X%) and South Korea (+X%) displayed positive paces of growth. Hong Kong SAR and Japan experienced a relatively flat trend pattern. By contrast, Turkey (-X%), Singapore (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Taiwan (Chinese), the United Arab Emirates and Israel increased by +X, +X, +X and +X percentage points, respectively. Malaysia (-X p.p.), Japan (-X p.p.) and Singapore (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spirits and liqueurs importing markets in Asia were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. These countries were followed by Japan, Hong Kong SAR, the United Arab Emirates, India, Israel, Malaysia, South Korea, Turkey and the Philippines, which together accounted for a further X terms of the main importing countries, Israel, with a CAGR of +X%, recorded the highest growth rate of 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

The import price in Asia stood at $X per litre in 2021, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per litre in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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