Eastern Europe: Gin And Geneva Market 2024

Gin And Geneva Market Size in Eastern Europe

In 2022, the East European gin and geneva market increased by X% to $X, rising for the second year in a row after four years of decline. The total consumption indicated a measured 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Gin And Geneva Production in Eastern Europe

In value terms, gin and geneva production fell to $X in 2022 estimated in export price. Overall, production, however, saw a tangible increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gin And Geneva Exports

Exports in Eastern Europe

In 2022, after six years of growth, there was significant decline in overseas shipments of gin and geneva, when their volume decreased by X% to X litres. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres, and then contracted in the following year.

In value terms, gin and geneva exports expanded sharply to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from Russia (X litres), Latvia (X litres) and Romania (X litres), together recording X% of total export. The Czech Republic (X litres) took the next position in the ranking, followed by Estonia (X litres), Lithuania (X litres), Slovakia (X litres), Hungary (X litres) and Poland (X litres). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Romania ($X) and Estonia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Romania, with a CAGR of X%, recorded the highest growth rate of 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

The export price in Eastern Europe stood at $X per litre in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. 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.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per litre), while Slovakia ($X per litre) was amongst the lowest.

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

Gin And Geneva Imports

Imports in Eastern Europe

For the eighth consecutive year, Eastern Europe recorded growth in overseas purchases of gin and geneva, which increased by X% to X litres in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, gin and geneva imports rose sharply to $X in 2022. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X litres), Romania (X litres), Slovakia (X litres), Poland (X litres), Hungary (X litres), Russia (X litres), Latvia (X litres), Ukraine (X litres), Bulgaria (X litres), Estonia (X litres) and Lithuania (X litres) represented roughly X% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gin and geneva importing markets in Eastern Europe were Romania ($X), Russia ($X) and the Czech Republic ($X), with a combined X% share of total imports.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 Eastern Europe stood at $X per litre in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Russia ($X per litre), while Ukraine ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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