China: Grape Must Market 2024

Grape Must Market Size in China

The Chinese grape must market fell to $X in 2021, waning by -3.1% against the previous year. Over the period under review, consumption recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Grape Must Production in China

In value terms, grape must production reduced to $X in 2021 estimated in export price. In general, production showed a mild decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Grape Must Exports

Exports from China

After two years of growth, shipments abroad of grape must decreased by -88.7% to X litres in 2021. Overall, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 165% against the previous year. The exports peaked at X litres in 2020, and then fell markedly in the following year.

In value terms, grape must exports plummeted to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 124% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank remarkably in the following year.

Exports by Country

Australia (X litres), Nigeria (X litres) and the UK (X litres) were the main destinations of grape must exports from China, together accounting for 92% of total exports. Iceland and Singapore lagged somewhat behind, together accounting for a further 4.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for grape must exported from China were Nigeria ($X), the UK ($X) and Australia ($X), together comprising 75% of total exports.

Among the main countries of destination, the UK, with a CAGR of +76.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, waning by -3% against the previous year. In general, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 145% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to Australia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+203.7%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into China

In 2021, after three years of decline, there was significant growth in purchases abroad of grape must, when their volume increased by 6.8% to X litres. Over the period under review, imports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 11%. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, grape must imports rose significantly to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X litres) constituted the largest grape must supplier to China, with a 56% share of total imports. Moreover, grape must imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), fourfold. The third position in this ranking was taken by Spain (X litres), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+70.4% per year) and Spain (+16.7% per year).

In value terms, the largest grape must suppliers to China were Italy ($X), the Netherlands ($X) and Spain ($X), with a combined 90% share of total imports. France, the United Arab Emirates, Slovakia and Australia lagged somewhat behind, together accounting for a further 6.6%.

Slovakia, with a CAGR of +160.7%, 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

In 2021, the average grape must import price amounted to $X per litre, surging by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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