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

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

The Asian wine of fresh grapes market fell to $X in 2022, dropping by -1.9% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; 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 2022, consumption failed to regain momentum.

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

In value terms, wine of fresh grapes production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in Asia

In 2022, wine of fresh grapes exports in Asia soared to X litres, rising by 23% against 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, wine of fresh grapes exports rose rapidly to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 56%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Georgia was the major exporter of wine of fresh grapes (except sparkling wine) in Asia, with the volume of exports amounting to X litres, which was approx. 45% of total exports in 2022. It was distantly followed by Israel (X litres), Hong Kong SAR (X litres) and Thailand (X litres), together making up a 37% share of total exports. Singapore (X litres), Armenia (X litres) and Azerbaijan (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +17.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Georgia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined 72% share of total exports. Israel, Thailand, Armenia and Azerbaijan lagged somewhat behind, together accounting for a further 15%.

Among the main exporting countries, Armenia, with a CAGR of +16.1%, 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 2022, declining by -12.1% against the previous year. Over the period under review, the export price showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by 66%. Over the period under review, the export prices reached the maximum at $X per litre in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in Asia

In 2022, imports of wine of fresh grapes (except sparkling wine) in Asia reduced modestly to X litres, with a decrease of -3% on the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 25%. 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 shrank modestly to $X in 2022. The total import value increased at an average annual rate of +2.0% 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 when imports increased by 19%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X litres) and Japan (X litres) were the key importers of wine of fresh grapes (except sparkling wine) in Asia, together constituting 61% of total imports. It was distantly followed by South Korea (X litres), generating a 7% share of total imports. The United Arab Emirates (X litres), Hong Kong SAR (X litres), Malaysia (X litres), Singapore (X litres), Taiwan (Chinese) (X litres), the Philippines (X litres), Israel (X litres), Thailand (X litres) and Kazakhstan (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. South Korea, Singapore, the United Arab Emirates, Taiwan (Chinese), Malaysia, Thailand, Israel, the Philippines and Kazakhstan lagged somewhat behind, together comprising a further 32%.

In terms of the main importing countries, South Korea, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, 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 amounted to $X per litre, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per litre), while Kazakhstan ($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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