New Zealand: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in New Zealand

The New Zealand market for spirits, liqueurs and other spirituous beverages totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in New Zealand

In value terms, production of spirits, liqueurs and other spirituous beverages declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a slight downturn. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in overseas shipments of spirits, liqueurs and other spirituous beverages, when their volume decreased by X% to X litres. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of spirits, liqueurs and other spirituous beverages declined sharply to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Canada (X litres), the United States (X litres) and Fiji (X litres) were the main destinations of exports of spirits, liqueurs and other spirituous beverages from New Zealand, with a combined X% share of total exports. Australia, South Korea, Macao SAR and Cook Islands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Australia ($X) appeared to be the largest markets for spirits, liqueurs and other spirituous beverages exported from New Zealand worldwide, with a combined X% share of total exports. Macao SAR, South Korea, Fiji and Cook Islands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Macao SAR, 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 export price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, almost unchanged from the previous year. In general, the export price, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into New Zealand

After two years of growth, purchases abroad of spirits, liqueurs and other spirituous beverages decreased by X% to X litres in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of spirits, liqueurs and other spirituous beverages stood at $X in 2022. Overall, total imports indicated temperate 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Australia (X litres) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to New Zealand, accounting for a X% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Australia exceeded the figures recorded by the second-largest supplier, Mexico (X litres), threefold. The UK (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the UK (X% per year).

In value terms, Australia ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to New Zealand, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, surging by X% against 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 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per litre), while the price for South Korea ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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