Gin and geneva market in Greece

Earlier Report Observations

The gin and geneva market in Greece, measured in volume, experienced considerable shifts between 2018 and 2024. Starting at 2 045 thousand liters in 2018, it grew to 2 256 thousand liters in 2019 before contracting sharply to 1 232 thousand liters in 2020. This was followed by a robust recovery, with the market surpassing its pre-2020 level by 2022 and reaching 3 367 thousand liters in 2024.

In value terms, the market mirrored this volatility, declining from 19 591 thousand US dollars in 2018 to 13 122 thousand in 2020, then rebounding to 29 511 thousand by 2023. In 2024, while volume continued to grow to 3 367 thousand liters, the market value stabilized at 29 427 thousand US dollars, suggesting changes in pricing or product mix during the latter period.

Production gin and geneva in Greece

In value, 2017-2020, K $ US

The market experienced significant fluctuations during this period. Production reached its lowest point in 2020, while the highest volume was recorded in 2017, showing a 3.2-fold difference between these years. In 2020, gin and geneva output in Greece was valued at 349 K $ US, representing a 67.4% decrease compared to the previous year. The largest increase occurred in 2019, at 1.1%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, K l

In 2020, Greece produced 123.3 K l of gin and geneva, which marked a 55.7% decrease from 2019. Over the period from 2017 to 2020, production fell by 61.3%, with a compound annual growth rate of 27.1%. The largest increase was recorded in 2019, at 7.4%.

Annual dynamics of production in Greece in kind, 2017-2020, K l

Exports gin and geneva from Greece

Exports in kind, K l

The export market displayed volatility throughout the observed period. Exports hit their lowest point in 2017 and peaked in 2019, with a 2.7-fold gap between these years. In 2020, gin and geneva volumes exported from Greece reached 60 K l, which is 34.1% lower than in 2019. The maximum volume was recorded in 2019, at 91 K l. The largest increase occurred in 2018, at 153.3%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, K l

From 2017 to 2020, the country structure of exports in kind remained highly diversified. Spain accounted for 17.0% of exports in kind, North Macedonia for 14.6%, and Cyprus for 13.9%, together making up 45.5% of total flows. The remaining 54.5% was formed by a long tail of smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

After a two-year increase, exported gin and geneva volumes from Greece declined. In 2020, exports amounted to 428 K $ US, which is 42.2% less than the previous year. Over the period from 2017 to 2020, exports decreased by 34.6%, with a compound annual growth rate of 13.2%. The maximum value was recorded in 2019, at 739 K $ US. The largest increase occurred in 2018, at 11.8%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Spain, with 25.1% of exports in value terms, Cyprus with 13.1%, and North Macedonia with 12.1%, continued to be the main buyers of gin and geneva from Greece. Together, they accounted for 50.3% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports gin and geneva to Greece

Imports in kind, K l

After a two-year uptick, gin and geneva volumes imported by Greece declined. In 2020, import volume stood at 1 169 K l, marking a sharp fall of 43.5% compared to the previous year. Over the period from 2017 to 2020, imports increased by 5.9%, with a compound annual growth rate of 1.9%. The maximum value was recorded in 2019, at 2 068 K l. The largest increase occurred in 2018, at 69.3%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, K l

From 2017 to 2020, the United Kingdom, with 64.7% of total flows, and the Netherlands, with 21.4%, together formed 86.1% of total imports in kind. Other partners accounted for the remaining volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

After a two-year rise, Greece's volume of gin and geneva imports declined. In 2020, imports came to 13 200 K $ US, marking a decrease of 35.6% year-over-year. Over the period from 2017 to 2020, imports decreased by 8.9%, with a compound annual growth rate of 3.0%. The maximum value was recorded in 2019, at 20 482 K $ US. The largest increase occurred in 2018, at 33.0%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

Throughout 2017 to 2020, the United Kingdom and the Netherlands clearly dominated imports in value terms of gin and geneva to Greece, jointly accounting for 86.3% of total flows. Other countries held much smaller shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020