France: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in France

In 2022, the French grape wine spirits market decreased by -14.6% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Grape Wine Spirits Production in France

In value terms, grape wine spirits production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Grape Wine Spirits Exports

Exports from France

In 2022, the amount of spirits obtained from distilled grape wine or grape marc exported from France shrank slightly to X litres, reducing by -4.6% on 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of X litres, and then shrank modestly in the following year.

In value terms, grape wine spirits exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

The United States (X litres) was the main destination for grape wine spirits exports from France, accounting for a 42% share of total exports. Moreover, grape wine spirits exports to the United States exceeded the volume sent to the second major destination, China (X litres), threefold. The UK (X litres) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.5% per year) and the UK (-2.4% per year).

In value terms, the United States ($X) remains the key foreign market for spirits obtained from distilled grape wine or grape marc exports from France, comprising 46% of total exports. The second position in the ranking was taken by China ($X), with an 18% share of total exports. It was followed by Singapore, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.9% per year) and Singapore (-3.6% per year).

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to Russia ($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 Singapore (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into France

Grape wine spirits imports into France reduced to X litres in 2022, dropping by -1.6% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, grape wine spirits imports fell to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X litres), Germany (X litres) and Georgia (X litres) were the main suppliers of grape wine spirits imports to France, with a combined 66% share of total imports. South Africa, Argentina, Italy and Portugal lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +211.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to France, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Georgia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.8% per year) and Georgia (+13.6% per year).

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, falling by -11.1% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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