Asia: Grape Must Market 2024

Grape Must Market Size in Asia

The Asian grape must market reduced slightly to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Grape Must Production in Asia

In value terms, grape must production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Grape Must Exports

Exports in Asia

In 2021, overseas shipments of grape must increased by 97% to X litres, rising for the sixth year in a row after three years of decline. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 193%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, grape must exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan dominates exports structure, resulting at X litres, which was approx. 86% of total exports in 2021. It was distantly followed by Israel (X litres), committing a 6.5% share of total exports. The following exporters - the United Arab Emirates (X litres), Kyrgyzstan (X litres) and Singapore (X litres) - each resulted at a 5.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to grape must exports from Uzbekistan stood at +55.8%. At the same time, Kyrgyzstan (+99.3%) and the United Arab Emirates (+67.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +99.3% from 2012-2021. By contrast, Israel (-7.2%) and Singapore (-8.5%) illustrated a downward trend over the same period. While the share of Uzbekistan (+86 p.p.), the United Arab Emirates (+1.8 p.p.) and Kyrgyzstan (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-14.8 p.p.) and Israel (-54.8 p.p.) displayed negative dynamics.

In value terms, the largest grape must supplying countries in Asia were Uzbekistan ($X), Israel ($X) and the United Arab Emirates ($X), together accounting for 72% of total exports. These countries were followed by Singapore and Kyrgyzstan, which together accounted for a further 8.9%.

In terms of the main exporting countries, Kyrgyzstan, with a CAGR of +102.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per litre in 2021, reducing by -14.8% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 13%. Over the period under review, the export prices attained the maximum at $X per litre in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Uzbekistan ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Grape Must Imports

Imports in Asia

In 2021, overseas purchases of grape must decreased by -7.8% to X litres, falling for the sixth consecutive year after four years of growth. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of 5.6% against the previous year. As a result, imports reached the peak of X litres. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, grape must imports fell to $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 24%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Israel (X litres) represented the main importer of grape must, making up 33% of total imports. Kyrgyzstan (X litres) held the second position in the ranking, followed by South Korea (X litres), China (X litres), Japan (X litres) and Georgia (X litres). All these countries together took near 50% share of total imports. Turkey (X litres) followed a long way behind the leaders.

Imports into Israel increased at an average annual rate of +21.4% from 2012 to 2021. At the same time, Turkey (+73.9%), Georgia (+47.6%), South Korea (+5.9%) and Kyrgyzstan (+4.5%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of +73.9% from 2012-2021. By contrast, China (-1.1%) and Japan (-24.6%) illustrated a downward trend over the same period. While the share of Israel (+29 p.p.), South Korea (+7.6 p.p.), Kyrgyzstan (+7.1 p.p.), Georgia (+5.9 p.p.), Turkey (+3.5 p.p.) and China (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-49.8 p.p.) displayed negative dynamics.

In value terms, the largest grape must importing markets in Asia were China ($X), South Korea ($X) and Israel ($X), with a combined 50% share of total imports. These countries were followed by Japan, Georgia, Turkey and Kyrgyzstan, which together accounted for a further 14%.

Turkey, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per litre, surging by 5.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per litre), while Kyrgyzstan ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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