Canada: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Canada

The Canadian spirits and liqueurs market was estimated at $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Canada

In value terms, spirits and liqueurs production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Spirits and liqueurs production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Canada

After three years of growth, shipments abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports fell slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

The United States (X litres) was the main destination for spirits and liqueurs exports from Canada, with a X% share of total exports. Moreover, spirits and liqueurs exports to the United States exceeded the volume sent to the second major destination, Japan (X litres), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Canada, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%.

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, approximately reflecting the previous year. Overall, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per litre in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per litre), while the average price for exports to the United States totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Spirits And Liqueurs Imports

Imports into Canada

For the eighth year in a row, Canada recorded growth in overseas purchases of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports soared to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X litres), the UK (X litres) and Mexico (X litres) were the main suppliers of spirits and liqueurs imports to Canada, with a combined X% share of total imports. France, Ireland, Sweden, Italy, China and Latvia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and France ($X) constituted the largest spirits and liqueurs suppliers to Canada, with a combined X% share of total imports. Mexico, Ireland, Italy, Sweden, China and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, China, 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

In 2022, the average spirits and liqueurs import price amounted to $X per litre, growing by X% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per litre), while the price for Latvia ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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