Spirits And Liqueurs Market in the European Union
In value terms, spirits and liqueurs production reached $ in estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the production volume increased by %. The level of production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.
Italy ( litres) constituted the country with the largest volume of spirits and liqueurs production, comprising approx. % of total volume. Moreover, spirits and liqueurs production in Italy exceeded the figures recorded by the second-largest producer, France ( litres), threefold. Ireland ( litres) ranked third in terms of total production with a % share.
From 2007 to , the average annual growth rate of volume in Italy stood at +%. In the other countries, the average annual rates were as follows: France (+% per year) and Ireland (+% per year).
The size of the spirits and liqueurs market in the European Union contracted modestly to $ in , standing approx. at 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 saw a mild shrinkage. The level of consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Luxembourg (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($), Italy ($) and Poland ($) were the countries with the highest levels of market value in , with a combined % share of the total market. These countries were followed by the Netherlands, Belgium, Austria, Romania, Spain, the Czech Republic, Portugal, Luxembourg, Hungary and Finland, which together accounted for a further %.
In terms of the main consuming countries, Austria, with a CAGR of +%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced more modest paces of growth.
In No countries spirits and liqueurs per capita consumption remained relatively stable over the period from 2007-.
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .