Sri Lanka: Gin And Geneva Market 2024

Gin And Geneva Market Size in Sri Lanka

The Sri Lankan gin and geneva market contracted markedly to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Gin And Geneva Exports

Exports from Sri Lanka

In 2022, exports of gin and geneva from Sri Lanka surged to X litres, with an increase of X% compared with the previous year. In general, exports showed a resilient increase. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, gin and geneva exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X litres) was the main destination for gin and geneva exports from Sri Lanka, with a X% share of total exports. Moreover, gin and geneva exports to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X litres), fivefold. The third position in this ranking was taken by Denmark (X litres), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Denmark (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for gin and geneva exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Maldives (X% per year).

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, picking up by X% against the previous year. In general, export price indicated buoyant growth 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 2013 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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Gin And Geneva Imports

Imports into Sri Lanka

Gin and geneva imports into Sri Lanka reduced sharply to X litres in 2022, shrinking by X% on 2021. Over the period under review, imports, however, recorded a pronounced expansion. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X litres. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, gin and geneva imports shrank slightly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the UK (X litres) constituted the largest supplier of gin and geneva to Sri Lanka, 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), 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 ($X) constituted the largest supplier of gin and geneva to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Italy, 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: France (X% per year) and Italy (X% per year).

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per litre), while the price for the United Arab Emirates ($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 Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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