CIS: Wine Market 2024

Wine Market Size in CIS

The CIS wine market reached $X in 2022, surging by X% against the previous year. The total consumption indicated slight 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Wine Production in CIS

In value terms, wine production reduced slightly to $X in 2022 estimated in export price. In general, production showed a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Wine Exports

Exports in CIS

In 2022, the amount of wine and grape must exported in the CIS shrank to X litres, with a decrease of X% on 2021 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports shrank to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova dominates exports structure, amounting to X litres, which was near X% of total exports in 2022. It was distantly followed by Armenia (X litres) and Uzbekistan (X litres), together committing a X% share of total exports. The following exporters - Azerbaijan (X litres) and Russia (X litres) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wine exports from Moldova stood at X%. At the same time, Armenia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Azerbaijan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Armenia, Uzbekistan and Russia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) remains the largest wine supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Armenia ($X), with an X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Moldova totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per litre in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per litre), while Uzbekistan ($X per litre) was amongst the lowest.

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

Wine Imports

Imports in CIS

In 2022, wine imports in the CIS fell to X litres, which is down by X% on the year before. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X litres in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wine imports declined dramatically to $X in 2022. Over the period under review, imports showed a noticeable descent. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Russia dominates imports structure, recording X litres, which was near X% of total imports in 2022. It was distantly followed by Kazakhstan (X litres), achieving a X% share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported wine and grape must in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Russia, wine imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per litre, reducing by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per litre in 2021, and then fell notably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per litre), while Russia totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :