South Africa: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in South Africa

The South African spirits and liqueurs market totaled $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Spirits And Liqueurs Production in South Africa

In value terms, spirits and liqueurs production rose notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Spirits and liqueurs production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Spirits And Liqueurs Exports

Exports from South Africa

Spirits and liqueurs exports from South Africa rose sharply to X litres in 2022, with an increase of X% against the year before. Overall, exports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, spirits and liqueurs exports expanded modestly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X litres), Namibia (X litres) and Zimbabwe (X litres) were the main destinations of spirits and liqueurs exports from South Africa, with a combined X% share of total exports.

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

In value terms, Namibia ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an X% share of total exports. It was followed by Botswana, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Botswana (X% per year).

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, approximately equating the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 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 stood at a somewhat lower figure.

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

Spirits And Liqueurs Imports

Imports into South Africa

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into South Africa skyrocketed to X litres, picking up by X% compared with the previous year. Over the period under review, total imports indicated a mild 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. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spirits and liqueurs imports surged to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits and liqueurs supplier to South Africa, with a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X litres), threefold. Ireland (X litres) ranked third in terms of total imports with a X% share.

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

In value terms, the UK ($X), France ($X) and Germany ($X) appeared to be the largest spirits and liqueurs suppliers to South Africa, with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, standing approx. at the previous year. In general, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid 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 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 France ($X per litre), while the price for Australia ($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 a decline.

Source: IndexBox Platform

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