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

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

The Ecuadorian wine of fresh grapes market reached $X in 2022, growing by 6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Ecuador

Wine of fresh grapes exports from Ecuador soared to X litres in 2022, increasing by 84% against the year before. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 791% against the previous year. As a result, the exports reached the peak of X litres. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, wine of fresh grapes exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 666%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X litres), China (X litres) and Panama (X litres) were the main destinations of wine of fresh grapes exports from Ecuador, with a combined 76% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +94.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for wine of fresh grapes (except sparkling wine) exports from Ecuador, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Panama, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +194.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.2% per year) and Panama (+24.5% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, picking up by 22% against the previous year. In general, the export price recorded strong growth. The pace of growth appeared the most rapid in 2019 an increase of 52% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to China ($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 Germany (+52.0%), 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 Ecuador

Wine of fresh grapes imports into Ecuador expanded modestly to X litres in 2022, picking up by 4.7% on the previous year's figure. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 57%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, wine of fresh grapes imports stood at $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 62%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Chile (X litres) constituted the largest wine of fresh grapes supplier to Ecuador, accounting for a 46% share of total imports. Moreover, wine of fresh grapes imports from Chile exceeded the figures recorded by the second-largest supplier, Argentina (X litres), twofold. Spain (X litres) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+16.3% per year) and Spain (+46.3% per year).

In value terms, Chile ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Ecuador, comprising 47% of total imports. The second position in the ranking was taken by Argentina ($X), with an 18% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+14.8% per year) and Spain (+39.4% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, increasing by 1.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per litre. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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