Eastern Europe: Grape Must Market 2024

Grape Must Market Size in Eastern Europe

After two years of decline, the East European grape must market increased by 0.7% to $X in 2021. Over the period under review, consumption continues to indicate a noticeable curtailment. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Grape Must Production in Eastern Europe

In value terms, grape must production expanded modestly to $X in 2021 estimated in export price. In general, production showed a noticeable slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Grape Must Exports

Exports in Eastern Europe

Grape must exports dropped to X litres in 2021, shrinking by -13.7% on the year before. Overall, exports, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2016 with an increase of 325% against the previous year. The volume of export peaked at X litres in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grape must exports declined modestly to $X in 2021. Over the period under review, exports, however, recorded a mild increase. The pace of growth appeared the most rapid in 2016 with an increase of 258%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hungary prevails in exports structure, recording X litres, which was approx. 90% of total exports in 2021. It was distantly followed by Slovakia (X litres), generating a 7.2% share of total exports.

Hungary was also the fastest-growing in terms of the grape must exports, with a CAGR of +33.9% from 2012 to 2021. At the same time, Slovakia (+2.8%) displayed positive paces of growth. From 2012 to 2021, the share of Hungary increased by +81 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest grape must supplier in Eastern Europe, comprising 82% of total exports. The second position in the ranking was held by Slovakia ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Hungary totaled +32.6%.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per litre, surging by 13% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 when the export price increased by 17% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per litre), while Hungary amounted to $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-1.0%).

Grape Must Imports

Imports in Eastern Europe

In 2021, approx. X litres of grape must were imported in Eastern Europe; which is down by -12.4% against 2020. In general, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2016 with an increase of 44%. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, grape must imports amounted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia represented the largest importer of grape must in Eastern Europe, with the volume of imports recording X litres, which was approx. 58% of total imports in 2021. The Czech Republic (X litres) ranks second in terms of the total imports with a 16% share, followed by Romania (11%) and Russia (7.6%). The following importers - Poland (X litres) and Hungary (X litres) - each reached a 4% share of total imports.

Imports into Slovakia increased at an average annual rate of +7.6% from 2012 to 2021. At the same time, the Czech Republic (+23.2%), Poland (+14.6%) and Romania (+5.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +23.2% from 2012-2021. By contrast, Hungary (-19.3%) and Russia (-21.9%) illustrated a downward trend over the same period. While the share of Slovakia (+34 p.p.), the Czech Republic (+14 p.p.), Romania (+5.5 p.p.) and Poland (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hungary (-7.7 p.p.) and Russia (-47.4 p.p.) displayed negative dynamics.

In value terms, the largest grape must importing markets in Eastern Europe were Slovakia ($X), the Czech Republic ($X) and Romania ($X), with a combined 75% share of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per litre, jumping by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the import price increased by 23%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :