South-Eastern Asia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in South-Eastern Asia

The Southeast Asian spirits and liqueurs market rose notably to $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; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Spirits And Liqueurs Production in South-Eastern Asia

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; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in South-Eastern Asia

In 2022, spirits and liqueurs exports in South-Eastern Asia stood at X litres, remaining stable against 2021 figures. Over the period under review, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports contracted to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the main exporter of spirits, liqueurs and other spirituous beverages in South-Eastern Asia, with the volume of exports finishing at X litres, which was near X% of total exports in 2022. Thailand (X litres) held the second position in the ranking, followed by Malaysia (X litres), Vietnam (X litres) and the Philippines (X litres). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spirits and liqueurs exports from Singapore stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest spirits and liqueurs supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per litre, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per litre in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in South-Eastern Asia

Spirits and liqueurs imports rose sharply to X litres in 2022, growing by X% against the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, spirits and liqueurs imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X litres), distantly followed by Singapore (X litres), Malaysia (X litres) and Thailand (X litres) represented the key importers of spirits, liqueurs and other spirituous beverages, together generating X% of total imports. Vietnam (X litres) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In Singapore, spirits and liqueurs imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per litre in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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