Brazil: Wine Market 2024

Wine Market Size in Brazil

The Brazilian wine market expanded to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Wine consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Wine Production in Brazil

In value terms, wine production totaled $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports from Brazil

In 2022, after two years of growth, there was significant decline in shipments abroad of wine and grape must, when their volume decreased by X% to X litres. Overall, exports, however, enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Paraguay (X litres) was the main destination for wine exports from Brazil, accounting for a X% share of total exports. Moreover, wine exports to Paraguay exceeded the volume sent to the second major destination, the United States (X litres), fivefold. The third position in this ranking was held by Uruguay (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Uruguay (X% per year).

In value terms, Paraguay ($X) remains the key foreign market for wine and grape must exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2022, growing by X% against the previous year. In general, the export price showed a notable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per litre), while the average price for exports to Haiti ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Brazil

In 2022, purchases abroad of wine and grape must decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X litres in 2021, and then reduced in the following year.

In value terms, wine imports reduced modestly to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Chile (X litres) constituted the largest wine supplier to Brazil, with a X% share of total imports. Moreover, wine imports from Chile exceeded the figures recorded by the second-largest supplier, Argentina (X litres), twofold. Portugal (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Portugal (X% per year).

In value terms, Chile ($X) constituted the largest supplier of wine and grape must to Brazil, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Portugal (X% per year).

Import Prices by Country

The average wine import price stood at $X per litre in 2022, flattening at the previous year. Overall, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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