Liqueurs and Cordials Price in India - 2023
Contents:
- Liqueurs and Cordials Price in India (CIF) - 2022
- Liqueurs and Cordials Price in India (FOB) - 2023
- Liqueurs and Cordials Imports in India
- Liqueurs and Cordials Exports in India
Liqueurs and Cordials Price in India (CIF) - 2022
The average liqueurs and cordials import price stood at $6.1 per litre in 2022, with a decrease of -5.9% against the previous year. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the maximum at $15 per litre in 2015; however, from 2016 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 Singapore ($16 per litre), while the price for South Korea ($1.7 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 (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Liqueurs and Cordials Price in India (FOB) - 2023
The average liqueurs and cordials export price stood at $4.1 per litre in July 2023, growing by 13% against the previous month. Overall, the export price showed a strong expansion. The pace of growth was the most pronounced in November 2022 when the average export price increased by 244% month-to-month. As a result, the export price reached the peak level of $6.6 per litre. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($7.5 per litre), while the average price for exports to Tanzania ($1.3 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in India
Liqueurs and cordials imports into India surged to 2.5M litres in 2022, growing by 128% against 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, liqueurs and cordials imports skyrocketed to $15M in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Liqueurs and Cordials in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,417 | 1,046 | 2,321 | 6,008 | 61.9% |
| Ireland | 184 | 250 | 1,132 | 2,187 | 128.2% |
| United States | 473 | 285 | 408 | 1,424 | 44.4% |
| France | 2,339 | 2,765 | 995 | 1,025 | -24.0% |
| United Arab Emirates | 472 | 315 | 671 | 1,014 | 29.0% |
| Italy | 392 | 183 | 242 | 912 | 32.5% |
| Singapore | 1,095 | 381 | 623 | 854 | -8.0% |
| United Kingdom | 2,000 | 352 | 108 | 732 | -28.5% |
| South Korea | N/A | 66.4 | 83.4 | 178 | 63.7% |
| Others | 200 | 162 | 381 | 637 | 47.1% |
| Total | 8,571 | 5,806 | 6,965 | 14,971 | 20.4% |
Top Suppliers of Liqueurs and Cordials to India in 2022:
- Germany (941.1K litres)
- Ireland (460.5K litres)
- Italy (279.9K litres)
- United States (204.8K litres)
- France (116.2K litres)
- South Korea (107.2K litres)
- United Arab Emirates (104.6K litres)
- United Kingdom (99.8K litres)
- Singapore (51.9K litres)
Liqueurs and Cordials Exports in India
In 2022, after three years of growth, there was significant decline in overseas shipments of liqueurs and cordialses, when their volume decreased by -14.8% to 749K litres. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year. Over the period under review, the exports attained the peak figure at 879K litres in 2021, and then shrank in the following year.
In value terms, liqueurs and cordials exports shrank sharply to $1.9M in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 124%. Over the period under review, the exports hit record highs at $3.6M in 2021, and then declined rapidly in the following year.
| Export of Liqueurs and Cordials in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 247 | 800 | 937 | 472 | 24.1% |
| United Arab Emirates | 5.8 | 5.6 | 0.1 | 409 | 313.1% |
| Thailand | N/A | N/A | N/A | 222 | 0% |
| Singapore | 775 | 1,232 | 1,417 | 201 | -36.2% |
| Nigeria | 182 | 373 | 609 | 185 | 0.5% |
| Tanzania | N/A | N/A | N/A | 183 | 0% |
| Rwanda | 129 | 297 | 370 | 98.1 | -8.7% |
| Germany | 9.1 | 7.5 | N/A | 21.6 | 33.4% |
| Others | 158 | 652 | 238 | 84.1 | -19.0% |
| Total | 1,506 | 3,367 | 3,572 | 1,876 | 7.6% |
Top Export Markets for Liqueurs and Cordials from India in 2022:
- United Arab Emirates (274.6K litres)
- Rwanda (128.0K litres)
- Nigeria (124.8K litres)
- Tanzania (97.8K litres)
- Netherlands (37.5K litres)
- Thailand (34.1K litres)
- Germany (18.9K litres)
- Singapore (17.7K litres)
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