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

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

The Chilean wine of fresh grapes market reached $X in 2022, increasing by 12% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decline. Wine of fresh grapes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, wine of fresh grapes production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 10%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Chile

In 2022, wine of fresh grapes exports from Chile fell to X litres, which is down by -3.9% on the previous year's figure. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports reduced to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 9%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X litres), the United States (X litres) and the UK (X litres) were the main destinations of wine of fresh grapes exports from Chile, together comprising 44% of total exports. Japan, Brazil, Mexico, Germany, the Netherlands, Canada, Ireland, Colombia, Denmark and France lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wine of fresh grapes exported from Chile were China ($X), the United States ($X) and the UK ($X), together comprising 38% of total exports.

China, with a CAGR of +7.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, approximately equating the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, the average export prices reached the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Germany ($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 France (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Chile

In 2022, supplies from abroad of wine of fresh grapes (except sparkling wine) decreased by -47.2% to X litres, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. As a result, imports attained the peak of X litres. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, wine of fresh grapes imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 49% against the previous year. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Argentina (X litres) constituted the largest supplier of wine of fresh grapes to Chile, with a 58% share of total imports. Moreover, wine of fresh grapes imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X litres), fourfold. France (X litres) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.3% per year) and France (+21.8% per year).

In value terms, Argentina ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Chile, comprising 48% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Argentina totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.4% per year) and France (+21.8% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, increasing by 55% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by +86.5% against 2020 indices. Over the period under review, average import prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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