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

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

For the fifth consecutive year, the Colombian wine of fresh grapes market recorded growth in sales value, which increased by 6.7% to $X in 2022. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.9% against 2017 indices. Wine of fresh grapes consumption peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Colombia

In 2022, shipments abroad of wine of fresh grapes (except sparkling wine) increased by 869% to X litres for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt contraction. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 305%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X litres), the UK (X litres) and Aruba (X litres) were the main destinations of wine of fresh grapes exports from Colombia, together comprising 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +748.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wine of fresh grapes exported from Colombia were the UK ($X), Aruba ($X) and China ($X), together comprising 67% of total exports.

China, with a CAGR of +506.7%, saw the highest rates of growth with regard to 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

The average wine of fresh grapes export price stood at $X per litre in 2022, which is down by -64% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 when the average export price increased by 76%. As a result, the export price reached the peak level of $X per litre, and then dropped notably in the following year.

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 Spain ($X per litre), while the average price for exports to China ($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 Spain (+37.7%), 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 Colombia

In 2022, the amount of wine of fresh grapes (except sparkling wine) imported into Colombia expanded modestly to X litres, with an increase of 4.9% compared with the year before. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +29.8% against 2016 indices. The growth pace was the most rapid in 2019 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wine of fresh grapes imports expanded notably to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +59.4% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 16%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Chile (X litres) constituted the largest supplier of wine of fresh grapes to Colombia, with a 49% share of total imports. Moreover, wine of fresh grapes imports from Chile exceeded the figures recorded by the second-largest supplier, Argentina (X litres), threefold. The third position in this ranking was taken by Spain (X litres), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+1.6% per year) and Spain (+14.7% per year).

In value terms, Chile ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Colombia, comprising 44% of total imports. The second position in the ranking was held by Argentina ($X), with a 20% share of total imports. It was followed by Spain, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Chile stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+2.9% per year) and Spain (+10.8% per year).

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, picking up by 2.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 6.4% against the previous year. The import price peaked at $X per litre in 2015; however, from 2016 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 the United States ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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