ASEAN: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in ASEAN

The ASEAN wine of fresh grapes market shrank to $X in 2022, waning by -5.2% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in ASEAN

In value terms, wine of fresh grapes production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 38%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in ASEAN

In 2022, overseas shipments of wine of fresh grapes (except sparkling wine) increased by 18% to X litres, rising for the second year in a row after two years of decline. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 21%. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports reduced modestly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Thailand (X litres) and Singapore (X litres) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +6.3%).

In value terms, Singapore ($X) remains the largest wine of fresh grapes supplier in ASEAN, comprising 72% of total exports. The second position in the ranking was held by Thailand ($X), with a 27% share of total exports.

In Singapore, wine of fresh grapes exports increased at an average annual rate of +6.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per litre, reducing by -16.9% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes export price increased by +70.4% against 2016 indices. The growth pace was the most rapid in 2021 when the export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per litre, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Thailand stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%).

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in ASEAN

In 2022, supplies from abroad of wine of fresh grapes (except sparkling wine) increased by 18% to X litres, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 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 30% against the previous year. The volume of import peaked at X litres in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wine of fresh grapes imports skyrocketed to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Malaysia (X litres), Singapore (X litres), the Philippines (X litres) and Thailand (X litres) represented roughly 86% of total imports in 2022. It was distantly followed by Vietnam (X litres), committing a 7.4% share of total imports. The following importers - Lao People's Democratic Republic (X litres) and Indonesia (X litres) - each finished at a 5.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +36.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in ASEAN, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total imports. It was followed by Thailand, with a 13% share.

In Singapore, wine of fresh grapes imports increased at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+6.6% per year) and Thailand (+10.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per litre in 2022, with an increase of 4.7% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by +94.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while Lao People's Democratic Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform