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Export News
22-11-2024
Global brandy export sales reached an impressive $9.1 billion in 2023, marking significant growth in the industry.
Over the past five years, the value of brandy exports surged by 71.3%, climbing from $5.3 billion in 2019. Year-over-year, global spending on brandy exports grew by 8.7%, rising from $8.4 billion in 2022 to the current level.
The top five countries dominating the international brandy export market in 2023 were Mexico, mainland China, Italy, Hong Kong, and the United States. Together, these nations accounted for approximately 67.2% of total global brandy sales, making them the most lucrative contributors to the market.
Brandy Export Distribution by Region
By region, North America led the way in brandy exports, contributing shipments worth $4.34 billion, or nearly 47.5% of the global total. In second place was Europe, with 29.6% of global exports, followed by Asia at 19.8%.
Smaller contributions came from:
· Latin America (2.1%), excluding Mexico but including the Caribbean
· Oceania (0.7%), mainly Australia and New Zealand
· Africa (0.5%)
Key Brandy Export Statistics
The 6-digit Harmonized Tariff System code 220890 covers brandy and related products, which form the basis of the data presented here.
Below are the top 15 brandy-exporting countries by value in 2023:
1. Mexico: $4 billion (43.8% of total exports)
2. Mainland China: $849.1 million (9.3%)
3. Italy: $629.6 million (6.9%)
4. Hong Kong: $368 million (4%)
5. United States: $299 million (3.3%)
6. Spain: $291.9 million (3.2%)
7. United Kingdom: $250.7 million (2.7%)
8. Netherlands: $238.8 million (2.6%)
9. Germany: $237.2 million (2.6%)
10. Singapore: $227.3 million (2.5%)
11. Belgium: $219 million (2.4%)
12. France: $216.2 million (2.4%)
13. South Korea: $104.1 million (1.1%)
14. Austria: $99.8 million (1.1%)
15. Greece: $95.4 million (1%)
These 15 countries collectively accounted for 88.9% of global brandy exports in 2023.
Fastest-Growing Brandy Exporters
The countries with the most rapid growth in brandy exports over the past five years include:
· Singapore: +152.7%
· Mexico: +115.8%
· Netherlands: +103.3%
· Italy: +82.4%
Meanwhile, South Korea experienced the smallest growth, with a modest 1.4% increase over the same period.
Top Companies in Brandy Exports
Here are some of the most prominent companies leading the brandy export market:
1. ТОВ ЛВН ЛІМІТЕД УКРАЇНА: 18.39% market share ($17.13 million)
2. ТОВ НАЦІОНАЛЬНА ГОРІЛЧАНА КОМПАНІЯ: 9.42% ($8.78 million)
3. ТОВАРИСТВО З ОБМЕЖЕНОЮ ВІДПОВІДАЛЬНІСТЮ ГЛОБАЛ СПІРІТС ГРУП УКРАЇНА: 7.46% ($6.95 million)
4. ԷՅ ԴԻ ԷՖ ՇՈՓՍ ՓԲԸ: 4.83% ($4.5 million)
5. INDUSTRIA LICORERA DE CALDAS: 3.31% ($3.08 million)
6. AHSAN APPAREL MAS ULIYATI CHEKLANGAN JAMIYATI: 3.02% ($2.81 million)
7. KHANTEX GROUP MAS ULIYATI CHEKLANGAN JAMIYATI: 2.81% ($2.62 million)
8. ТЗОВ НАУКОВО ВИРОБНИЧЕ ПІДПРИЄМСТВО ГЕТЬМАН: 2.41% ($2.24 million)
9. FABRICA DE LICORES Y ALCOHOLES DE ANTIOQUIA: 1.94% ($1.81 million)
10. EXPROJAL: 1.91% ($1.77 million)
>>Get More Brandy Exporters from Tendata<<
Conclusion
With global demand for brandy continuing to rise, Mexico, mainland China, and Italy remain dominant players in the market. The significant increase in brandy exports from regions like North America and Asia demonstrates the growing appeal of this product worldwide.
As industry leaders continue to innovate and expand, the global brandy market is expected to maintain its upward trajectory, with new opportunities for growth in emerging markets.
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