Report Update Nov 1, 2024

Ecuador - Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Grape Must Market 2024

Grape Must Market Size in Ecuador

In 2021, the Ecuadorian grape must market decreased by -8.3% to $X, falling for the fourth year in a row after six years of growth. Overall, consumption, however, continues to indicate a measured increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Grape Must Exports

Exports from Ecuador

In 2021, approx. X litres of grape must were exported from Ecuador; reducing by -25% against 2020 figures. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of 150%. As a result, the exports reached the peak of X litres. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, grape must exports declined to $X in 2021. Overall, exports showed a precipitous shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X litres) was the main destination for grape must exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled -24.1%.

In value terms, Chile ($X) also remains the key foreign market for grape must exports from Ecuador.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -21.8%.

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, surging by 17% against the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 198%. The export price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +3.0% per year.

Grape Must Imports

Imports into Ecuador

In 2021, purchases abroad of grape must decreased by -11.5% to X litres, falling for the fourth consecutive year after six years of growth. Overall, imports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2016 when imports increased by 115%. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, grape must imports declined to $X in 2021. Over the period under review, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2016 with an increase of 75%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X litres) constituted the largest supplier of grape must to Ecuador, accounting for a 83% share of total imports. Moreover, grape must imports from Panama exceeded the figures recorded by the second-largest supplier, Italy (X litres), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama stood at +1.2%.

In value terms, Panama ($X) constituted the largest supplier of grape must to Ecuador, comprising 68% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Panama amounted to +1.8%.

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, increasing by 5.5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape must import price increased by +72.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 63% against the previous year. The import price peaked at $X per litre in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Panama stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grape must in the world?

China constituted the country with the largest volume of grape must consumption, accounting for 25% of total volume. Moreover, grape must consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of grape must in the world?

China remains the largest grape must producing country worldwide, accounting for 25% of total volume. Moreover, grape must production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the leading suppliers of grape must to Ecuador?

In value terms, Panama and Italy appeared to be the largest grape must suppliers to Ecuador.

What is the average export price for grape must in Ecuador?

The average grape must export price stood at $17 per litre in 2021, standing approx. at the previous year.

What is the average import price for grape must in Ecuador?

The average grape must import price stood at $4.3 per litre in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the grape must market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021250 - Grape must (excluding alcohol duty)

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023