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

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Finland: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in Finland

The Finnish spirits and liqueurs market amounted to $X in 2021, increasing by X% against the previous year. The market value 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. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Spirits And Liqueurs Production in Finland

In value terms, spirits and liqueurs production rose slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from Finland

Spirits and liqueurs exports from Finland skyrocketed to X litres in 2021, growing by X% compared with the year before. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X litres in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports soared to $X in 2021. In general, exports, however, saw a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X litres), Poland (X litres) and Latvia (X litres) were the main destinations of spirits and liqueurs exports from Finland, together comprising X% of total exports. Sweden, Israel, the United States, Germany, Norway, the Czech Republic, Denmark, Ukraine and Hungary lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spirits and liqueurs exported from Finland were Poland ($X), Estonia ($X) and Sweden ($X), together comprising X% of total exports. Latvia, Germany, Israel, Denmark, the United States, the Czech Republic, Norway, Ukraine and Hungary lagged somewhat behind, together comprising a further X the main countries of destination, Ukraine, with a CAGR of +X%, saw the highest growth rate of 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

The average spirits and liqueurs export price stood at $X per litre in 2021, with an increase of X% against the previous year. In general, the export price, however, saw a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per litre in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per litre), while the average price for exports to Estonia ($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 Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Finland

In 2021, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into Finland; growing by X% against the previous year's figure. Overall, imports, however, recorded a mild decline. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spirits and liqueurs imports stood at $X in 2021. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

France (X litres), the Netherlands (X litres) and the UK (X litres) were the main suppliers of spirits and liqueurs imports to Finland, together comprising X% of total imports. Belgium, Estonia, Ireland, Canada, Germany, Sweden, Italy, Denmark, Lithuania and Spain lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

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

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, with a combined 50% share of global consumption. These countries were followed by Russia, Japan, Mexico, Canada, the UK, Ukraine, Iran, South Korea and Ethiopia, which together accounted for a further 22%.

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

China constituted the country with the largest volume of spirits and liqueurs production, 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 United States ranked third in terms of total production with a 10% share.

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

In value terms, France constituted the largest supplier of spirits and liqueurs to Finland, comprising 31% of total imports. The second position in the ranking was held by the Netherlands, with a 15% share of total imports. It was followed by the UK, with a 14% share.

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

In value terms, Poland, Estonia and Sweden were the largest markets for spirits and liqueurs exported from Finland worldwide, with a combined 42% share of total exports. These countries were followed by Latvia, Germany, Israel, Denmark, the United States, the Czech Republic, Norway, Ukraine and Hungary, which together accounted for a further 37%.

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

The average spirits and liqueurs export price stood at $2.6 per litre in 2021, surging by 4.7% against the previous year.

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

The average spirits and liqueurs import price stood at $7 per litre in 2021, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the spirits and liqueurs market in Finland. 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:

• Finland

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Finland

• 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