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China - Spirits, Liqueurs and Other Spirituous Beverages - Market Analysis, Forecast, Size, Trends and Insights

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China: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in China

The Chinese spirits and liqueurs market expanded remarkably to $X in 2021, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Spirits And Liqueurs Production in China

In value terms, spirits and liqueurs production expanded sharply to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. 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 pace of growth was the most pronounced 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 from China

After two years of decline, shipments abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres in 2021. Overall, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, spirits and liqueurs exports soared to $X in 2021. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X litres), Hong Kong SAR (X litres) and Myanmar (X litres) were the main destinations of spirits and liqueurs exports from China, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for spirits and liqueurs exports from China, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2021, remaining constant against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per litre in 2020, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per litre), while the average price for exports to Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into China

In 2021, overseas purchases of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the fifth year in a row after three years of decline. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, spirits and liqueurs imports surged to $X in 2021. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X litres), the UK (X litres) and Japan (X litres) were the main suppliers of spirits and liqueurs imports to China, with a combined X% share of total imports. These countries were followed by Germany, South Korea, Sweden and Mexico, which together accounted for a further X 2012 to 2021, the biggest increases were in Germany (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of spirits and liqueurs to China, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2021, growing by X% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits, liqueurs and other spirituous beverages in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 50% of global consumption. Russia, Japan, Mexico, Canada, the UK, Ukraine, Iran, South Korea and Ethiopia lagged somewhat behind, together comprising a further 22%.

What are the largest producers of spirits, liqueurs and other spirituous beverages in the world?

The country with the largest volume of spirits and liqueurs production was China, accounting for 25% of total volume. Moreover, spirits and liqueurs production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was held by the United States, with a 10% share.

What are the leading suppliers of spirits, liqueurs and other spirituous beverages to China?

In value terms, France constituted the largest supplier of spirits and liqueurs to China, comprising 69% of total imports. The second position in the ranking was taken by the UK, with a 16% share of total imports. It was followed by Japan, with a 3.1% share.

What are the leading importers of spirits, liqueurs and other spirituous beverages from China?

In value terms, Hong Kong SAR remains the key foreign market for spirits and liqueurs exports from China, comprising 25% of total exports. The second position in the ranking was taken by Singapore, with a 6% share of total exports. It was followed by Australia, with a 4.7% share.

What is the average export price for spirits, liqueurs and other spirituous beverages in China?

In 2021, the average spirits and liqueurs export price amounted to $20 per litre, approximately mirroring the previous year.

What is the average import price for spirits, liqueurs and other spirituous beverages in China?

The average spirits and liqueurs import price stood at $7.6 per litre in 2021, growing by 10% against the previous year.

This report provides an in-depth analysis of the spirits and liqueurs market in China. 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 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)

• Prodcom 11011030 - Whisky (important: excluding alcohol duty)

• Prodcom 11011040 - Rum and other spirits obtained by distilling fermented sugarcane products (important: excluding alcohol duty)

• Prodcom 11011050 - Gin and geneva (important: excluding alcohol duty)

• Prodcom 11011063 - Vodka of an alcoholic strength by volume of . .45,4 % (important: excluding alcohol duty)

• Prodcom 11011065 - Spirits distilled from fruit (excluding liqueurs, gin, geneva, g rape wine or grape marc (important: excluding alcohol duty))

• Prodcom 11011070 - Pure alcohols (important: excluding alcohol duty)

• Prodcom 11011080 - Spirits, liqueurs and other spirituous beverages (excluding spirits distilled from grape wine, grape marc or fruit/whisky, r um, tafia, gin and geneva, spirits distilled from fruit)

Country coverage:

• China

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in China

• 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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance