ASEAN: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in ASEAN

The ASEAN spirits and liqueurs market rose remarkably to $X in 2022, with an increase of 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 only minor fluctuations in certain years. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Spirits And Liqueurs Production in ASEAN

In value terms, spirits and liqueurs production stood at $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 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports in ASEAN

In 2022, exports of spirits, liqueurs and other spirituous beverages in ASEAN totaled X litres, remaining constant against 2021 figures. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spirits and liqueurs exports contracted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the major exporter of spirits, liqueurs and other spirituous beverages in ASEAN, with the volume of exports finishing at X litres, which was near X% of total exports in 2022. It was distantly followed by Thailand (X litres), Malaysia (X litres), Vietnam (X litres) and the Philippines (X litres), together constituting a X% share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest spirits and liqueurs supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per litre, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports in ASEAN

In 2022, approx. X litres of spirits, liqueurs and other spirituous beverages were imported in ASEAN; surging by X% against 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, spirits and liqueurs imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, the Philippines (X litres), distantly followed by Singapore (X litres), Malaysia (X litres) and Thailand (X litres) were the major importers of spirits, liqueurs and other spirituous beverages, together mixing up X% of total imports. Vietnam (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported spirits, liqueurs and other spirituous beverages in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In Singapore, spirits and liqueurs imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per litre, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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