Italy: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Italy

The Italian spirits and liqueurs market totaled $X in 2022, stabilizing at the previous year. In general, the total consumption indicated slight growth 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 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Spirits And Liqueurs Production in Italy

In value terms, spirits and liqueurs production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth 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, production increased by X% against 2015 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Spirits And Liqueurs Exports

Exports from Italy

In 2022, spirits and liqueurs exports from Italy soared to X litres, growing by X% compared with the year before. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, spirits and liqueurs exports expanded markedly to $X in 2022. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X litres) was the main destination for spirits and liqueurs exports from Italy, with a X% share of total exports. Moreover, spirits and liqueurs exports to Germany exceeded the volume sent to the second major destination, the UK (X litres), twofold. France (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

In value terms, the largest markets for spirits and liqueurs exported from Italy were Germany ($X), the United States ($X) and the UK ($X), together comprising X% of total exports. France, Spain, Belgium, Switzerland, the Netherlands, Austria, Greece, Denmark, Romania and Colombia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Colombia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Italy

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Italy skyrocketed to X litres, with an increase of X% compared with the previous year's figure. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X litres), the United States (X litres) and France (X litres) were the main suppliers of spirits and liqueurs imports to Italy, with a combined X% share of total imports. Spain, the Netherlands, Germany, Venezuela, Mexico, Belgium, Ireland, the Czech Republic, Poland and Sweden 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 Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs suppliers to Italy were the United States ($X), the UK ($X) and France ($X), together comprising X% of total imports. The Netherlands, Spain, Mexico, Germany, Ireland, Venezuela, Belgium, the Czech Republic, Poland and Sweden lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per litre in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Mexico ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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