India: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in India

The Indian spirits and liqueurs market rose slightly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a strong expansion 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 decreased by X% against 2020 indices. Spirits and liqueurs consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Spirits And Liqueurs Production in India

In value terms, spirits and liqueurs production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Spirits and liqueurs production peaked at $X in 2020; afterwards, it flattened through to 2022.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Spirits And Liqueurs Exports

Exports from India

For the third year in a row, India recorded growth in shipments abroad of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2022. Overall, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X litres) was the main destination for spirits and liqueurs exports from India, with a X% share of total exports. Moreover, spirits and liqueurs exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ghana (X litres), tenfold. The third position in this ranking was taken by Haiti (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Haiti (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for spirits, liqueurs and other spirituous beverages exports from India, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, with a decrease of X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into India

In 2022, imports of spirits, liqueurs and other spirituous beverages into India soared to X litres, growing by X% against the year before. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports soared to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of spirits and liqueurs to India, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, France (X litres), more than tenfold. The third position in this ranking was taken by Sweden (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Sweden (X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to India, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, surging by X% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average 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 Singapore ($X per litre), while the price for Sweden ($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 Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :