Liqueurs and Cordials Price in the UK - 2023
Contents:
- Liqueurs and Cordials Price in the UK (CIF) - 2023
- Liqueurs and Cordials Price in the UK (FOB) - 2023
- Liqueurs and Cordials Imports in the UK
- Liqueurs and Cordials Exports in the UK
Liqueurs and Cordials Price in the UK (CIF) - 2023
The average liqueurs and cordials import price stood at $5.7 per litre in June 2023, waning by -11.5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 17% month-to-month. Over the period under review, average import prices reached the peak figure at $6.7 per litre in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($18.0 per litre), while the price for Germany ($4.0 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in the UK (FOB) - 2023
The average liqueurs and cordials export price stood at $4.3 per litre in June 2023, falling by -18.7% against the previous month. Overall, export price indicated modest growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials export price decreased by -20.8% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 27% month-to-month. The export price peaked at $6.3 per litre in January 2023; however, from February 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($23.4 per litre), while the average price for exports to Ireland ($606 per thousand litres) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in the UK
In 2022, approx. 47M litres of liqueurs and cordialses were imported into the UK; approximately equating the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, liqueurs and cordials imports reduced to $270M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $292M, and then dropped in the following year.
| Import of Liqueurs and Cordials in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 38.1 | 54.8 | 73.3 | 51.8 | 10.8% |
| Ireland | 26.4 | 20.6 | 33.2 | 34.8 | 9.6% |
| France | 16.0 | 14.0 | 61.5 | 33.5 | 27.9% |
| Germany | 38.7 | 26.3 | 23.4 | 28.8 | -9.4% |
| Netherlands | 19.0 | 25.5 | 36.4 | 28.4 | 14.3% |
| Spain | 27.8 | 29.0 | 40.4 | 26.9 | -1.1% |
| Belgium | 15.0 | 14.0 | 7.5 | 20.3 | 10.6% |
| United States | 8.6 | 8.6 | 7.2 | 11.4 | 9.9% |
| Others | 10.2 | 8.7 | 9.1 | 33.9 | 49.2% |
| Total | 200 | 202 | 292 | 270 | 10.5% |
Top Suppliers of Liqueurs and Cordials to the UK in 2022:
- Spain (7.9M litres)
- Italy (7.3M litres)
- Ireland (5.7M litres)
- Germany (5.5M litres)
- France (4.5M litres)
- Netherlands (4.3M litres)
- United States (3.4M litres)
- Belgium (3.3M litres)
Liqueurs and Cordials Exports in the UK
In 2022, exports of liqueurs and cordialses from the UK shrank remarkably to 39M litres, reducing by -15.5% on the previous year's figure. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 7.4% against the previous year. Over the period under review, the exports reached the maximum at 52M litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, liqueurs and cordials exports dropped slightly to $214M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 1.2% against the previous year. Over the period under review, the exports attained the maximum at $277M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Liqueurs and Cordials in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.0 | 29.3 | 30.9 | 48.4 | 2.5% |
| United States | 59.8 | 50.8 | 38.0 | 39.0 | -13.3% |
| Italy | 15.0 | 12.8 | 16.5 | 17.8 | 5.9% |
| Australia | 18.4 | 21.7 | 20.2 | 14.8 | -7.0% |
| Ireland | 38.1 | 29.3 | 37.7 | 13.3 | -29.6% |
| Spain | 20.6 | 15.7 | 14.0 | 11.9 | -16.7% |
| France | 10.3 | 10.0 | 9.0 | 11.2 | 2.8% |
| China | 10.8 | 9.9 | 4.6 | 2.7 | -37.0% |
| Others | 58.5 | 42.7 | 53.8 | 54.5 | -2.3% |
| Total | 277 | 222 | 225 | 214 | -8.2% |
Top Export Markets for Liqueurs and Cordials from the UK in 2022:
- Germany (10.1M litres)
- Ireland (6.5M litres)
- United States (6.2M litres)
- Australia (2.4M litres)
- Spain (2.1M litres)
- France (2.0M litres)
- Italy (1.9M litres)
- China (0.3M litres)
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