South Africa: Gin And Geneva Market 2024

Gin And Geneva Market Size in South Africa

In 2022, the South African gin and geneva market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a tangible 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. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Gin And Geneva Production in South Africa

In value terms, gin and geneva production stood at $X in 2022 estimated in export price. Overall, the total production indicated a notable 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Gin And Geneva Exports

Exports from South Africa

In 2022, shipments abroad of gin and geneva decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X litres in 2021, and then shrank in the following year.

In value terms, gin and geneva exports contracted to $X in 2022. In general, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Namibia (X litres), Zimbabwe (X litres) and China (X litres) were the main destinations of gin and geneva exports from South Africa, together comprising X% of total exports.

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

In value terms, the largest markets for gin and geneva exported from South Africa were Botswana ($X), Namibia ($X) and Swaziland ($X), together accounting for X% of total exports. Zimbabwe, China, Lesotho, Mozambique, Zambia, Ghana and Angola lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, which is down by X% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price 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, gin and geneva export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per litre), while the average price for exports to Mozambique ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gin And Geneva Imports

Imports into South Africa

In 2022, approx. X litres of gin and geneva were imported into South Africa; picking up by X% compared with the year before. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gin and geneva imports fell modestly to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X litres) constituted the largest gin and geneva supplier to South Africa, accounting for a X% share of total imports. Moreover, gin and geneva 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 held by Italy (X litres), with a X% share.

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

In value terms, the UK ($X) constituted the largest supplier of gin and geneva to South Africa, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by France, with a 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: Italy (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average gin and geneva import price amounted to $X per litre, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for France ($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 States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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