France: Grape Must Market 2024

Grape Must Market Size in France

In 2021, the French grape must market increased by 2.8% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Grape must consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Grape Must Production in France

In value terms, grape must production totaled $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.0% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Grape must production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Grape Must Exports

Exports from France

Grape must exports from France rose notably to X litres in 2021, with an increase of 6.6% compared with 2020 figures. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 131%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, grape must exports rose slightly to $X in 2021. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 78% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X litres), Luxembourg (X litres) and Germany (X litres) were the main destinations of grape must exports from France, together comprising 63% of total exports. These countries were followed by Switzerland, Austria, China, Spain, Italy, Hong Kong SAR and Japan, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +132.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grape must exported from France were the UK ($X), Switzerland ($X) and Germany ($X), together accounting for 50% of total exports. These countries were followed by Luxembourg, Hong Kong SAR, Austria, China, Japan, Italy and Spain, which together accounted for a further 33%.

Among the main countries of destination, Austria, with a CAGR of +132.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, with a decrease of -2.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 135% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per litre), while the average price for exports to Spain ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into France

In 2021, overseas purchases of grape must were finally on the rise to reach X litres after two years of decline. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 135% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, grape must imports surged to $X in 2021. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 193% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Spain (X litres) was the main grape must supplier to France, accounting for a 98% share of total imports. It was followed by Italy (X litres), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +19.6%.

In value terms, Spain ($X) constituted the largest supplier of grape must to France, comprising 96% of total imports. The second position in the ranking was held by Italy ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +16.1%.

Import Prices by Country

In 2021, the average grape must import price amounted to $X per litre, dropping by -3% against the previous year. Overall, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46%. Over the period under review, average import prices reached the peak figure at $X per litre in 2012; however, from 2013 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 Spain stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+9.3%).

Source: IndexBox Platform

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