Report Update Nov 1, 2024

Azerbaijan - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Sparkling Wine Market 2024

Sparkling Wine Market Size in Azerbaijan

In 2022, the Azerbaijani sparkling wine market increased by 0.9% to $X, rising for the second consecutive year after eight years of decline. Overall, consumption saw a deep setback. The pace of growth was the most pronounced in 2021 when the market value increased by 1% against the previous year. Sparkling wine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sparkling Wine Production in Azerbaijan

In value terms, sparkling wine production stood at $X in 2022 estimated in export price. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 0.2%. Sparkling wine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sparkling Wine Exports

Exports from Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in shipments abroad of sparkling wine, which increased by 50% to X litres in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 20,107%. Over the period under review, the exports reached the maximum at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sparkling wine exports soared to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 24,116%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belarus (X litres) was the main destination for sparkling wine exports from Azerbaijan, accounting for a 68% share of total exports. Moreover, sparkling wine exports to Belarus exceeded the volume sent to the second major destination, China (X litres), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.8% per year) and Japan (+155.0% per year).

In value terms, Belarus ($X) emerged as the key foreign market for sparkling wine exports from Azerbaijan, comprising 70% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+134.5% per year) and China (+40.4% per year).

Export Prices by Country

The average sparkling wine export price stood at $X per litre in 2022, with an increase of 95% against the previous year. Overall, the export price posted resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per litre), while the average price for exports to China ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Azerbaijan

Sparkling wine imports into Azerbaijan soared to X litres in 2022, jumping by 91% compared with the year before. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 143%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, sparkling wine imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 196% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X litres), Russia (X litres) and Georgia (X litres) were the main suppliers of sparkling wine imports to Azerbaijan, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sparkling wine suppliers to Azerbaijan were Italy ($X), France ($X) and Russia ($X), together accounting for 89% of total imports.

Russia, with a CAGR of +49.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2022, which is down by -20.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 187% against the previous year. As a result, import price reached the peak level of $X per litre. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Belarus ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in the world?

The countries with the highest volumes of sparkling wine consumption in 2021 were the United States, India and the UK, together comprising 44% of global consumption.

What are the largest producers of sparkling wine in the world?

Italy remains the largest sparkling wine producing country worldwide, accounting for 29% of total volume. Moreover, sparkling wine production in Italy exceeded the figures recorded by the second-largest producer, France, twofold. The third position in this ranking was occupied by India, with a 14% share.

What are the leading suppliers of sparkling wine to Azerbaijan?

In value terms, France, Italy and Russia appeared to be the largest sparkling wine suppliers to Azerbaijan, with a combined 79% share of total imports.

What are the leading importers of sparkling wine from Azerbaijan?

In value terms, Hong Kong SAR emerged as the key foreign market for sparkling wine exports from Azerbaijan, comprising 96% of total exports. The second position in the ranking was occupied by Poland $311), with a 2.1% share of total exports.

What is the average export price for sparkling wine in Azerbaijan?

In 2021, the average sparkling wine export price amounted to $2.9 per litre, surging by 62% against the previous year.

What is the average import price for sparkling wine in Azerbaijan?

In 2021, the average sparkling wine import price amounted to $6.8 per litre, shrinking by -7.7% against the previous year.

This report provides an in-depth analysis of the sparkling wine market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021130 - Champagne (important: excluding alcohol duty)
Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023