Georgia: Wine Market 2020

Wine Market Size in Georgia

The revenue of the wine market in Georgia amounted to $X in 2018, approximately equating the previous year. In general, wine consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the wine market reached its maximum level at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Wine Production in Georgia

In value terms, wine production stood at $X in 2018 estimated in export prices. In general, wine production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when production volume increased by X% year-to-year. Georgia wine production peaked at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Wine Exports

Exports from Georgia

Wine exports from Georgia stood at X litres in 2018, growing by X% against the previous year. Overall, wine exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Georgia exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, wine exports stood at $X in 2018. Overall, wine exports continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, wine exports reached their maximum in 2018 and are likely to see steady growth in the near future.

Exports by Country

The countries with the highest levels of wine exports in 2018 were Spain (X litres), Italy (X litres) and France (X litres), together resulting at X% of total export. Chile (X litres) took a X% share (based on tons) of total exports, which put it in second place, followed by Australia (X%) and South Africa (X%). Germany (X litres), the U.S. (X litres), New Zealand (X litres), Portugal (X litres), Argentina (X litres) and China (X litres) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest wine markets from Georgia were France ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. Australia, Chile, the U.S., New Zealand, Germany, Portugal, Argentina, South Africa, China and Georgia lagged somewhat behind, together comprising a further X terms of the main exporting countries, China recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the wine export price in Georgia amounted to $X per litre, growing by X% against the previous year. In general, the wine export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. Georgia export price peaked at $X per litre in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per litre), while Spain ($X per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced more modest paces of growth.

Wine Imports

Imports into Georgia

Wine imports into Georgia totaled X litres in 2018, going up by X% against the previous year. Overall, wine imports, however, continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, wine imports reached their maximum at X litres in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, wine imports totaled $X in 2018. In general, wine imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, wine imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

The imports of the twelve major importers of wine and grape must, namely Germany, the UK, the U.S., China, France, Russia, Canada, the Netherlands, Belgium, Japan, Denmark and Switzerland, represented more than two-thirds of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the UK ($X) and Germany ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by China, Canada, Japan, the Netherlands, Belgium, Russia, Switzerland, France, Denmark and Georgia, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the wine import price in Georgia amounted to $X per litre, leveling off at the previous year. Over the period under review, the wine import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Georgia import price peaked at $X per litre in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per litre), while France ($X per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform