Liqueurs and Cordials Price in Greece - 2023
Contents:
- Liqueurs and Cordials Price in Greece (CIF) - 2023
- Liqueurs and Cordials Price in Greece (FOB) - 2023
- Liqueurs and Cordials Imports in Greece
- Liqueurs and Cordials Exports in Greece
Liqueurs and Cordials Price in Greece (CIF) - 2023
In June 2023, the average liqueurs and cordials import price amounted to $7.5 per litre, which is down by -15.8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 219% m-o-m. The import price peaked at $8.9 per litre in May 2023, and then declined markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($9.3 per litre), while the price for Ireland ($5.4 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 Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Greece (FOB) - 2023
The average liqueurs and cordials export price stood at $3.8 per litre in June 2023, falling by -41.4% against the previous month. Over the period under review, the export price, however, continues to indicate modest growth. The pace of growth was the most pronounced in May 2023 an increase of 69% month-to-month. As a result, the export price attained the peak level of $6.4 per litre, and then fell markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($10.8 per litre), while the average price for exports to Belgium ($2.6 per litre) 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 Cyprus (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Greece
In 2022, the amount of liqueurs and cordialses imported into Greece soared to 3.5M litres, growing by 55% against the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. 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 $22M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.1% 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 +95.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Liqueurs and Cordials in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.2 | 4.8 | 6.4 | 8.3 | 10.2% |
| Netherlands | 1.8 | 1.2 | 2.0 | 2.4 | 10.1% |
| Germany | 1.9 | 1.4 | 1.4 | 2.3 | 6.6% |
| France | 1.5 | 0.8 | 1.1 | 1.5 | 0.0% |
| United Kingdom | 1.2 | 0.7 | 0.7 | 1.5 | 7.7% |
| Georgia | 0.3 | N/A | 0.9 | 1.4 | 67.1% |
| Sweden | 0.4 | 0.6 | 0.8 | 1.1 | 40.1% |
| Ireland | 0.9 | 0.6 | 1.2 | 1.1 | 6.9% |
| Belgium | 0.6 | 0.4 | 0.3 | 0.6 | 0.0% |
| Mexico | 0.6 | 0.4 | 0.7 | 0.5 | -5.9% |
| Spain | 0.9 | 0.3 | 0.4 | 0.5 | -17.8% |
| Others | 0.6 | 0.3 | 0.6 | 1.0 | 18.6% |
| Total | 17.0 | 11.3 | 16.6 | 22.1 | 9.1% |
Top Suppliers of Liqueurs and Cordials to Greece in 2022:
- Italy (1103.1K litres)
- Netherlands (543.8K litres)
- Germany (339.9K litres)
- France (320.5K litres)
- Ireland (224.1K litres)
- Georgia (194.8K litres)
- United Kingdom (162.8K litres)
- Sweden (135.9K litres)
- Mexico (118.0K litres)
- Spain (109.3K litres)
- Belgium (80.1K litres)
Liqueurs and Cordials Exports in Greece
In 2022, liqueurs and cordials exports from Greece expanded slightly to 1.8M litres, with an increase of 1.9% compared with 2021 figures. The total export volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, liqueurs and cordials exports declined sharply to $5.3M in 2022. Over the period under review, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 24%. The exports peaked at $7.9M in 2021, and then reduced remarkably in the following year.
| Export of Liqueurs and Cordials in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.3 | 5.6 | 6.0 | 3.2 | -9.4% |
| Cyprus | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Turkey | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| United States | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Belgium | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.8 | 1.1 | 1.1 | 0.9 | 4.0% |
| Total | 5.8 | 7.2 | 7.9 | 5.3 | -3.0% |
Top Export Markets for Liqueurs and Cordials from Greece in 2022:
- Germany (1343.5K litres)
- Cyprus (205.6K litres)
- United States (47.9K litres)
- Belgium (39.1K litres)
- Turkey (30.4K litres)
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