Greece: Spirits And Liqueurs Market 2022

Spirits And Liqueurs Market Size in Greece

The Greek spirits and liqueurs market skyrocketed to $X in 2021, jumping by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. Spirits and liqueurs consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Spirits And Liqueurs Production in Greece

In value terms, spirits and liqueurs production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Spirits And Liqueurs Exports

Exports from Greece

For the fourth year in a row, Greece recorded growth in overseas shipments of spirits, liqueurs and other spirituous beverages, which increased by X% to X litres in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs exports amounted to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X litres) was the main destination for spirits and liqueurs exports from Greece, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Germany exceeded the volume sent to the second major destination, Iraq (X litres), threefold. The third position in this ranking was held by Bulgaria (X litres), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+X% per year) and Bulgaria (+X% per year).

In value terms, Germany ($X) remains the key foreign market for spirits and liqueurs exports from Greece, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+X% per year) and Bulgaria (+X% per year).

Export Prices by Country

In 2021, the average spirits and liqueurs export price amounted to $X per litre, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per litre in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per litre), while the average price for exports to the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spirits And Liqueurs Imports

Imports into Greece

In 2021, overseas purchases of spirits, liqueurs and other spirituous beverages were finally on the rise to reach X litres for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a noticeable shrinkage. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, spirits and liqueurs imports soared to $X in 2021. Overall, imports, however, showed a slight curtailment. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X litres) constituted the largest supplier of spirits and liqueurs to Greece, with a X% share of total imports. Moreover, spirits and liqueurs imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. The Netherlands (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of spirits and liqueurs to Greece, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

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