Benelux: Gin And Geneva Market 2023

Gin And Geneva Market Size in Benelux

The Benelux gin and geneva market shrank dramatically to $X in 2022, with a decrease of -29.2% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in Benelux

In value terms, gin and geneva production plummeted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 108% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Gin And Geneva Exports

Exports in Benelux

In 2022, shipments abroad of gin and geneva decreased by -10.1% to X litres for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2015 with an increase of 36%. Over the period under review, the exports attained the maximum at X litres in 2021, and then contracted in the following year.

In value terms, gin and geneva exports fell to $X in 2022. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The Netherlands (X litres) and Belgium (X litres) represented roughly 87% of total exports in 2022. It was distantly followed by Luxembourg (X litres), making up a 13% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Luxembourg (with a CAGR of +71.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest gin and geneva supplier in Benelux, comprising 66% of total exports. The second position in the ranking was held by Belgium ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +14.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+18.2% per year) and Luxembourg (+69.7% per year).

Export Prices by Country

The export price in Benelux stood at $X per litre in 2022, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 13%. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the other leaders experienced mixed trends in the export price figures.

Gin And Geneva Imports

Imports in Benelux

Gin and geneva imports reduced to X litres in 2022, falling by -11.8% compared with the previous year. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 60%. The volume of import peaked at X litres in 2021, and then contracted in the following year.

In value terms, gin and geneva imports dropped to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 56% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The Netherlands represented the largest importer of gin and geneva in Benelux, with the volume of imports reaching X litres, which was near 52% of total imports in 2022. It was distantly followed by Luxembourg (X litres) and Belgium (X litres), together generating a 48% share of total imports.

Imports into the Netherlands increased at an average annual rate of +11.8% from 2012 to 2022. At the same time, Luxembourg (+27.1%) and Belgium (+18.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +27.1% from 2012-2022. Luxembourg (+15 p.p.) and Belgium (+5.4 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -20.2% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Luxembourg, with a CAGR of +26.6%, saw 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 Benelux amounted to $X per litre, increasing by 2.2% against the previous year. In general, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 an increase of 7.1% against the previous year. As a result, import price reached the peak level of $X per litre. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per litre), while Luxembourg ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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