Asia-Pacific: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Asia-Pacific

The Asia-Pacific wine of fresh grapes market reduced to $X in 2022, which is down by -1.9% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Asia-Pacific

In value terms, wine of fresh grapes production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in Asia-Pacific

In 2022, the amount of wine of fresh grapes (except sparkling wine) exported in Asia-Pacific soared to X litres, jumping by 19% on the previous year. In general, exports, however, recorded a mild downturn. Over the period under review, the exports hit record highs at X litres in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports surged to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of wine of fresh grapes (except sparkling wine), namely Australia and New Zealand, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by New Zealand (with a CAGR of +5.4%).

In value terms, the largest wine of fresh grapes supplying countries in Asia-Pacific were New Zealand ($X) and Australia ($X).

Among the main exporting countries, New Zealand, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Asia-Pacific stood at $X per litre in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2019 to 2022, the export prices remained at a lower figure.

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 New Zealand ($X per litre), while Australia totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.5%).

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in Asia-Pacific

Wine of fresh grapes imports shrank slightly to X litres in 2022, reducing by -2.7% compared with 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports fell to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X litres) and Japan (X litres) represented roughly 58% of total imports in 2022. Australia (X litres) held the next position in the ranking, followed by South Korea (X litres). All these countries together took approx. 17% share of total imports. New Zealand (X litres), Hong Kong SAR (X litres), Malaysia (X litres), Singapore (X litres), Taiwan (Chinese) (X litres), the Philippines (X litres) and Thailand (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 58% share of total imports. Australia, South Korea, Singapore, Taiwan (Chinese), Malaysia, New Zealand, Thailand and the Philippines lagged somewhat behind, together comprising a further 36%.

South Korea, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in Asia-Pacific amounted to $X per litre, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 when the import price increased by 15% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2021, and then declined in the following year.

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 Hong Kong SAR ($X per litre), while New Zealand ($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

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