Thailand: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Thailand

The Thai spirits and liqueurs market amounted to $X in 2022, increasing 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 throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Spirits And Liqueurs Production in Thailand

In value terms, spirits and liqueurs production reached $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 in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Spirits And Liqueurs Exports

Exports from Thailand

In 2022, exports of spirits, liqueurs and other spirituous beverages from Thailand rose notably to X litres, increasing by X% on the previous year. Over the period under review, exports continue to indicate a measured expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spirits and liqueurs exports surged to $X in 2022. In general, exports showed buoyant growth. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X litres) was the main destination for spirits and liqueurs exports from Thailand, with a X% share of total exports. Moreover, spirits and liqueurs exports to Myanmar exceeded the volume sent to the second major destination, Singapore (X litres), threefold. Japan (X litres) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Japan (X% per year).

In value terms, Myanmar ($X), Singapore ($X) and Hong Kong SAR ($X) were the largest markets for spirits and liqueurs exported from Thailand worldwide, with a combined X% share of total exports.

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

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, jumping by X% against the previous year. Overall, export price indicated a resilient 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, spirits and liqueurs export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Spirits And Liqueurs Imports

Imports into Thailand

In 2022, purchases abroad of spirits, liqueurs and other spirituous beverages was finally on the rise to reach X litres for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, spirits and liqueurs imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X litres) constituted the largest spirits and liqueurs supplier to Thailand, accounting for a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, South Korea (X litres), twofold. Singapore (X litres) ranked third in terms of total imports with a X% share.

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

In value terms, the largest spirits and liqueurs suppliers to Thailand were the UK ($X), France ($X) and China ($X), together accounting for X% of total imports. Singapore, Japan, the United States, South Korea, Vietnam, Germany, Myanmar, Australia, Sweden and India lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, increasing by X% against the previous year. Overall, import price indicated a strong expansion 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, spirits and liqueurs import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 ($X per litre), while the price for South Korea ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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