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

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

The GCC wine of fresh grapes market reached $X in 2022, increasing by 6.4% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in GCC

In value terms, wine of fresh grapes production rose modestly to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in GCC

Wine of fresh grapes exports contracted notably to X litres in 2022, which is down by -62.7% against the year before. Over the period under review, exports showed a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 124%. The volume of export peaked at X litres in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports contracted sharply to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 95%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X litres) was the largest exporter of wine of fresh grapes (except sparkling wine), generating 76% of total exports. It was distantly followed by Bahrain (X litres) and Saudi Arabia (X litres), together creating a 24% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -3.6% from 2012 to 2022. At the same time, Bahrain (+25.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +25.2% from 2012-2022. By contrast, Saudi Arabia (-9.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain increased by +16 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest wine of fresh grapes supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by Bahrain ($X), with a 30% share of total exports.

In the United Arab Emirates, wine of fresh grapes exports contracted by an average annual rate of -3.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+42.8% per year) and Saudi Arabia (-10.4% per year).

Export Prices by Country

The export price in GCC stood at $X per litre in 2022, increasing by 4.6% against the previous year. In general, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 44%. As a result, the export price attained the peak level of $X per litre. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per litre), while Saudi Arabia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+14.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in GCC

Wine of fresh grapes imports dropped slightly to X litres in 2022, with a decrease of -2.3% against the year before. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 39% against the previous year. As a result, imports reached the peak of X litres. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wine of fresh grapes imports skyrocketed to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, resulting at X litres, which was near 83% of total imports in 2022. Qatar (X litres) ranks second in terms of the total imports with a 6.3% share, followed by Bahrain (5%). The following importers - Saudi Arabia (X litres) and Oman (X litres) - together made up 5.5% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +4.9% from 2012 to 2022. At the same time, Qatar (+73.9%) and Saudi Arabia (+11.3%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +73.9% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Oman (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar and Saudi Arabia increased by +6.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in GCC, comprising 91% of total imports. The second position in the ranking was taken by Qatar ($X), with a 3.7% share of total imports. It was followed by Bahrain, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +10.6%. In the other countries, the average annual rates were as follows: Qatar (+82.7% per year) and Bahrain (+1.7% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per litre, jumping by 54% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by +107.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while Saudi Arabia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform