Southern Asia: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Southern Asia

The South Asian market for spirits, liqueurs and other spirituous beverages totaled $X in 2022, growing 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 indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Southern Asia

In value terms, production of spirits, liqueurs and other spirituous beverages totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports in Southern Asia

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of spirits, liqueurs and other spirituous beverages dropped to $X in 2022. In general, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India dominates beverages structure, finishing at X litres, which was approx. X% of total exports in 2022. Sri Lanka (X litres) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to spirits, liqueurs and other spirituous beverages exports from India stood at X%. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Sri Lanka (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest spirits, liqueurs and other spirituous beverages supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, exports of spirits, liqueurs and other spirituous beverages plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per litre, dropping by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices reached the maximum at $X per litre in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Sri Lanka ($X per litre), while India amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports in Southern Asia

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in Southern Asia; with an increase of X% on 2021. Total imports indicated a buoyant 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. Total imports 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. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X litres) represented roughly X% of total imports in 2022.

India was also the fastest-growing in terms of the spirits, liqueurs and other spirituous beverages imports, with a CAGR of X% from 2012 to 2022. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in Southern Asia.

In India, imports of spirits, liqueurs and other spirituous beverages increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per litre, with a decrease of X% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

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