Cyprus: Whiskey Market – Market Analysis, Size, Trends, Consumption, Insights, Opportunities, Challenges and Forecast until 2024

Cyprus: Whiskey Market – Market Analysis, Size, Trends, Consumption, Insights, Opportunities, Challenges and Forecast until 2024

The whisky market in Cyprus was equal to 74.00 million USD (calculated in retail prices) in 2014. Until 2024, the whisky market in Cyprus is forecast to reach 99.96 million USD (in retail prices), thus increasing at a CAGR of 3.05% per annum for the period 2019-2024. This is an increase, compared to the growth of about 2.91% per year, registered in 2014-2018.

The average consumption per capita in value terms reached 64.17 USD per capita (in retail prices) in 2014. In the next five years, it grew at a CAGR of 2.12% per annum. In the medium term (by 2024), the indicator is forecast to speed up its growth and increase at a CAGR of 2.29% per annum.

Among the leading trends in the whiskies category are the premiumization and the huge growth and expansion of the segment. As a result, the category is growing in a stable manner, resilient to negative conditions. Although price remains the key purchase criterion, the global whiskey market has witnessed a very strong trend of premiumization, supported by consumers’ immense openness to innovation and the increasing popularity of mixology. The desire for interesting premium products and drinks of a niche variety explains the rising trend among wealthier consumers. Premiumization can also be linked with the fact that consumers aim to cut down on their alcohol intake, which means they can afford to purchase spirits of higher quality.

There has been a robust consolidation on the whiskey market during the last few years, which was partially driven by the large number of new brands emerging on the market. Giant alcohol companies such as Beam Suntory, Brown-Forman, Diageo, and Pernod Ricard have been actively involved in most of the acquisition deals during the last few years, thus making their portfolios’ highly diversified with the presence of many specialty brands. Just some of the examples include the acquisition of bourbon manufacturers Smooth Ambler and Rabbit Hole Whiskey by Pernod Ricard in 2017 and 2019, the purchase of a minority stake in Westward Whiskey by Diageo through Distill Ventures in 2018 and Bacardi’s investment in The Teeling Whiskey Company in 2017.

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Short Description
This report presents a strategic analysis of the Cypriot whiskey market and a forecast for its development in the medium term. It provides a comprehensive overview of the market volume and value, dynamics, segmentation, characteristics, main players, prices, international trade, trends and insights, growth and demand drivers, challenges, etc. This is one of the most comprehensive reports about the Cypriot whiskey market, offering unmatched value, accuracy and expert insights.

Report Purpose
The purpose of the report is to describe the state of the Cypriot whiskey market and to present real and expert-verified information about the volumes, values, dynamics, segmentation and characteristics of consumption, prices, imports, and exports. The report also presents a forecast for the market development in the medium term. In addition, the report presents an elaborate analysis of the main market participants, industry trends and insights, growth and demand drivers and challenges and all other factors, influencing the market development.

Questions This Report Answers
The report on the Cypriot whiskey market covers:
• Market volume, value and dynamics for the last five years;
• Analysis of the factors, influencing the market development (market trends and insights, drivers and challenges);
• Value chain analysis and structure of price formation;
• Analysis of retail price levels and their dynamics for the last five years;
• Analysis of the major international trade flows;
• Volume, value, dynamics, and analysis of imports for the last five years;
• Volume, value, dynamics, and analysis of exports for the last five years;
• Volume and dynamics of the average import and export prices for the last five years;
• Volume, value, dynamics, and analysis of per capita consumption for the last five years;
• Forecast for market development in the medium term;
• Characteristics of the main players on the market;
• Analysis of the competitive landscape;
• Importance of the HoReCa channel (on-trade vs. off-trade consumption);
• Market shares of the main market players;
• Distribution channels for retail sales;
• Five Forces analysis;
• Analysis and forecast for the global economy and demographics.

How Can You Benefit from This Report?
With the help of this report you can:
• Discover reliable and expert-verified market data, with which you can confidently make smarter business decisions and drive your business forward;
• Track market data, including volume, value, forecasts, dynamics and structure – past, present and future;
• Quickly and cost–effectively own a strategic analysis and gain competitive intelligence about the market;
• Track and identify key market trends and insights and key drivers behind recent market changes;
• Strategically assess growth potential, opportunities, demand drivers and challenges on the market;
• Strategically assess the importance of the HoReCa channel on the market;
• Discover the importance of each distribution channel for the retail market;
• Build and execute upon a strong strategy based on verified market data and expert insights;
• Discover how the market performed in the past (in the last 5 years) and how it will perform in the future (in the next 6 years);
• Strategically assess the competitive position of the main market players and their respective market shares;
• Evaluate how diversified the market is in terms of competitive intensity, fragmentation and environment and understand competitive threats;
• Make important strategic decisions safely and with confidence;
• Discover data your competitors might already have and be acting upon;
• Evaluate your position on the market, choose a new market to enter or get to know a completely new market;
• Receive professional expertise on the market and everything important, connected with its development;
• Save your time and resources by not having to compile the whole research by yourself;
• Get all the data you need in one place and in less than 24 hours;
• Empower your marketing, branding, strategy, product and business development, consumption and supply functions with valuable market insights;
• Build your investment strategy by assessing market attractiveness, country attractiveness or company attractiveness;
• Build your own market entry or market expansion strategy or evaluate your current strategy;
• Add value to pitches and presentations by using verified market data and expert insights;
• Evaluate the key macroeconomic indicators to get insight into the general trends within the economy and demographics.

What Kind of Data Is Presented in This Report?
This report presents data, which is:
• Reliable (the report is prepared using a proven methodology, including both primary and secondary research);
• Expert-verified (the data is cross-checked and confirmed by more than 10 local experts, representatives of the main market players);
• Real (allowing you to confidently make smarter business and strategic decisions);
• Comprehensive;
• Easy to read, perceive and understand (you do not have to be a market expert to understand what really is happening on the market and how it works);
• Valuable (the value you get from this report is much higher than the investment you make for it);
• Quick and hassle-free to get (you can be reading this report in less than 24 hours);
• Commercially feasible;
• All in one place;
• Easy to get - just a few clicks away!

What Kind of Decisions You Can Make Based on the Data in This Report?
This report presents reliable and real market data, providing valuable support to make important strategic decisions regarding:
• Strategic planning;
• Marketing and sales;
• Market and industry evaluation;
• Evaluation of market opportunities, risks and challenges;
• Regional and country evaluation and opportunity analysis;
• Market entry;
• Market growth;
• Pricing and promotion;
• New product development;
• Distribution;
• Sourcing and supply chain management;
• Company evaluation;
• Mergers and acquisitions.

Who Is This Report for?
This report is for people who already are actively working on this market, representatives of producers, distributors, importers, exporters, wholesalers, retailers, suppliers:
• Industry C Level executives;
• Directors;
• Industry strategists;
• Marketing professionals;
• Business development professionals;
• Product developers;
• Product marketers and strategists;
• Product managers;
• Project managers;
• Suppliers;
• Traders;
This report is also for people, not directly or actively involved in the market, representatives of investors, consultants, advisors and financial institutions:
• Management consultants;
• Investment managers;
• Financial professionals;
• Bank managers;
• M&A managers.

Short Methodology
This research report has been prepared using the proven WMStrategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. For this particular report, more than 10 market expert interviews have been conducted with experts from the leading market companies (producers, distributors, retailers, suppliers, etc.). The full list of interviewed experts and a detailed methodology are available upon request.

Product Coverage
This report covers the following product groups:
• • whiskey (including cider, perry, rice wines (Sake, Soju, other rice wines), palm wines; excluding non-alcoholic ciders, perry and rice wines or mixed drinks).

Recap
This is the most valuable, detailed and comprehensive report about the Cypriot whiskey market currently available! We also offer similar reports, covering every global country and region separately and offer special terms for bundle purchases. So, if you are interested in the Cypriot whiskey market, this research report will provide you with reliable, expert-verified and real market data you can safely and confidently base your decisions on. In a quick and hassle-free way, it will provide you with a strategic analysis of the market, its recent and future development. In addition, this solution will save you time and money while presenting you all the necessary information, empowering you to make informed commercial decisions and move your business forward!

This report is one of the most in-depth publicly available business analyses that exists on this particular market. And it is all here in one place, just a few clicks away!

Report Customization
If the report as is does not work for you, you can get it customized, according to your own specific requirements and criteria. Feel free to contact us for more information!

1. Introduction
2. Research Methodology
3. Executive Summary
4. Product Description
5. State of the Global Demographics and Economy
5.1. Characteristics of the Global Demographics in 2014-2018
5.2. Characteristics of the Global Economy in 2014-2018
5.3. Forecast for the Development of the Global Economy in the Short Term
6. Overview, Segmentation and Analysis of the Cypriot whiskey Market
6.1. Volume, Value and Dynamics of the Cypriot whiskey Market in 2014-2018
6.2. Trends and Insights of the Cypriot whiskey Market
6.3. Profiles of the Main Players on the Cypriot whiskey Market
6.4. Five Forces Analysis
6.5. Competitive Landscape on the Cypriot whiskey Market
6.6. Drivers and Challenges That Will Affect the Future Development of the Cypriot whiskey Market
7. Characteristics and Analysis of the Cypriot Prices of whiskey in 2014-2018
7.1. Value Chain Analysis
7.2. Structure of Price Formation
7.3. Value and Dynamics of the Average Cypriot Retail Prices of whiskey in 2014-2018
8. Cypriot Foreign Trade Operations of whiskey
8.1. Cypriot Foreign Trade Operations of whiskey in 2014-2018
9. Overview, Segmentation and Analysis of the Imports of whiskey to Cyprus
9.1. Volume, Value and Dynamics of the Imports of whiskey to Cyprus in 2014-2018
9.2. Major Trade Inflows - Segmentation of the Imports of whiskey to Cyprus by Exporting Countries in 2014-2018
9.3. Average Import Prices of the whiskey, Imported to Cyprus in 2014-2018
10. Overview, Segmentation and Analysis of the Cypriot Exports of whiskey
10.1. Volume, Value and Dynamics of the Cypriot Exports of whiskey in 2014-2018
10.2. Major Trade Outflows - Segmentation of the Cypriot Exports of whiskey by Importing Countries in 2014-2018
10.3. Average Export Prices of the whiskey, Exported from Cyprus in 2014-2018
11. Characteristics of the Cypriot Consumption of whiskey per Capita
11.1. Volume, Value and Dynamics of the Cypriot whiskey Consumption per Capita in 2014-2018
12. Forecast for Development of the Cypriot whiskey Market in 2019-2024
12.1. Forecast for Development of the Cypriot whiskey Market in 2019-2024 in Three Possible Scenarios
About us
List of Tables
• Global population, broken down by main regions in 2014-2018, in millions of people and in %
• Global population growth rate, population density, urban population and life expectancy, broken down by regions in 2014-2018, in %, people per sq.km. and years
• Age structure of the global population, broken down by main regions, in %
• Sex structure of the global population, broken down by main regions, in %
• Global GDP, broken down by main regions, in millions of USD
• Global GNI per capita (Atlas method), broken down by main regions, in USD
• Global GDP per capita and GDP annual growth, broken down by main regions, in USD per capita and in %
• Global unemployment rate, labor force participation rate and GDP per person employed, broken down by regions in 2014-2018, in % and in constant 2011 PPP USD
• Global school enrollment (tertiary education), broken down by main regions, in % of gross education
• Global inflation rate – consumer prices, GDP deflator, bank capital to assets ratio, and bank nonperforming loans to total gross loans, broken down by main regions, in %
• Global imports and exports of goods and services, BoP, broken down by main regions, in millions of USD and in %
• Forecasted global GDP, broken down by main regions, in billions of USD
• Forecasted global GDP growth, broken down by main regions, in %
• Forecasted global GDP per capita, current prices, broken down by main regions, in %
• Volume and dynamics of the Cypriot whiskey market in 2014-2018, in million liters and in %
• Value (in RSP) and dynamics of the Cypriot whiskey market in 2014-2018, in million USD and in %
• Importance of the HoReCa channel (on-trade vs. off-trade of whiskey) in 2014-2018 and forecast for 2019-2024
• Segmentation of whiskey retail distribution in Cyprus by distribution channels
• Market shares of the main market players
• Key financial indicators of Company A for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company B for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company C for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company D for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company E for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company F for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company G for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company H for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company I for the FY 2014 – FY 2018, in millions of USD and in %
• Key financial indicators of Company J for the FY 2014 – FY 2018, in millions of USD and in %
• Volume and dynamics of the average annual retail prices of whiskey in Cyprus in 2014-2018, in USD per liter and in %
• Trade balance of the whiskey foreign trade in Cyprus in 2014-2018, in million liters and in %
• Trade balance of the whiskey foreign trade in Cyprus in 2014-2018, in million USD and in %
• Volume and dynamics of the Cypriot imports of whiskey in 2014-2018, in million liters and in %
• Value and dynamics of the Cypriot imports of whiskey in 2014-2018, in million USD and in %
• Segmentation of the Cypriot imports of whiskey by exporting countries in 2014-2018, in million USD and in %
• Value and dynamics of the average import prices of the whiskey, imported to Cyprus in 2014-2018, in USD per liter and in %
• Volume and dynamics of the Cypriot exports of whiskey in 2014-2018, in million liters and in %
• Value and dynamics of the Cypriot exports of whiskey in 2014-2018, in million USD and in %
• Segmentation of the Cypriot exports of whiskey by importing countries in 2014-2018, in million USD and in %
• Value and dynamics of the average export prices of the whiskey, exported from Cyprus in 2014-2018, in USD per liter and in %
• Volume and dynamics of the average annual consumption of whiskey per capita in Cyprus in 2014-2018, in liters per capita and in %
• Value and dynamics of the average annual consumption of whiskey per capita in Cyprus in 2014-2018, in USD per capita and in %
• Volume, value (in RSP) and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the base scenario), in million liters, in million USD and in %
• Volume, value (in RSP) and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the pessimistic scenario), in million liters, in million USD and in %
• Volume, value (in RSP) and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the optimistic scenario), in million liters, in million USD and in %
List of Figures
• Volume and dynamics of the Cypriot whiskey market in 2014-2018, in million liters and in %
• Value (in RSP) and dynamics of the Cypriot whiskey market in 2014-2018, in million USD and in %
• Importance of the HoReCa channel (on-trade vs. off-trade of whiskey) in 2014-2018 and forecast for 2019-2024
• Segmentation of whiskey retail distribution in Cyprus by distribution channels
• Market shares of the main market players
• Value chain analysis, in %
• Structure of price formation, in %
• Deviation of the average annual retail prices of whiskey in Cyprus in 2014-2018, in USD per liter
• Volume and dynamics of the imports of whiskey to Cyprus in 2014-2018, in million liters and in %
• Value and dynamics of the imports of whiskey to Cyprus in 2014-2018, in million USD and in %
• Segmentation of the imports of whiskey to Cyprus by exporting countries in value terms in 2018, in % to the total Cypriot imports
• Average import prices of the whiskey, imported to Cyprus in 2014-2018, in USD per liter
• Volume and dynamics of the Cypriot exports of whiskey in 2014-2018, in million liters and in %
• Value and dynamics of the Cypriot exports of whiskey in 2014-2018, in million USD and in %
• Segmentation of the Cypriot exports of whiskey by importing countries in value terms in 2018, in % to the total Cypriot exports
• Average export prices of the whiskey, exported from Cyprus in 2014-2018, in USD per liter
• Average annual consumption of whiskey per capita in Cyprus in 2014-2018 in volume terms, in liters per capita
• Average annual consumption of whiskey per capita in Cyprus in 2014-2018 in value terms, in USD per capita
• Volume and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the base scenario), in million liters and in %
• Volume and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the pessimistic scenario), in million liters and in %
• Volume and dynamics of the Cypriot whiskey market in 2014-2018 and forecast for its development in 2019-2024 (within the framework of the optimistic scenario), in million liters and in %

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