United Arab Emirates: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in the United Arab Emirates

The spirits and liqueurs market in the United Arab Emirates shrank dramatically to $X in 2022, falling 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). Over the period under review, consumption recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Spirits And Liqueurs Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spirits and liqueurs exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X litres) was the main destination for spirits and liqueurs exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Singapore exceeded the volume sent to the second major destination, Oman (X litres), threefold. Tanzania (X litres) ranked third in terms of total exports with a X% share.

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

In value terms, Singapore ($X), India ($X) and Kenya ($X) appeared to be the largest markets for spirits and liqueurs exported from the United Arab Emirates worldwide, together accounting for X% of total exports. Oman, the Netherlands, the UK, Qatar, Bahrain, Tanzania, Ghana, Congo and Angola lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per litre in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 India ($X per litre), while the average price for exports to Tanzania ($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 Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Spirits And Liqueurs Imports

Imports into the United Arab Emirates

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported into the United Arab Emirates; picking up by X% against the previous year. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The UK (X litres), France (X litres) and India (X litres) were the main suppliers of spirits and liqueurs imports to the United Arab Emirates, together accounting for X% of total imports. Sweden, the United States, Mexico, Italy, Ukraine, Russia, Germany and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs suppliers to the United Arab Emirates were the UK ($X), France ($X) and the United States ($X), together comprising X% of total imports. Mexico, Sweden, Italy, India, Germany, Ireland, Russia and Ukraine lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw 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

In 2022, the average spirits and liqueurs import price amounted to $X per litre, surging by X% against the previous year. Over the period under review, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Ukraine ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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