India: Grape Must Market 2024

Grape Must Market Size in India

The Indian grape must market reduced modestly to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Grape Must Production in India

In value terms, grape must production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 37%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Grape Must Exports

Exports from India

In 2021, exports of grape must from India skyrocketed to X litres, growing by 642% on the year before. In general, exports, however, saw a deep setback. The growth pace was the most rapid in 2019 when exports increased by 2,579% against the previous year. Over the period under review, the exports hit record highs at X litres in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape must exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 2,592% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X litres) was the main destination for grape must exports from India, with a 72% share of total exports. Moreover, grape must exports to South Africa exceeded the volume sent to the second major destination, the United Arab Emirates (X litres), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.1% per year) and Malaysia (-3.6% per year).

In value terms, South Africa ($X) remains the key foreign market for grape must exports from India, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.4% per year) and Malaysia (+4.9% per year).

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, jumping by 255% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export 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 suppliers, the country with the highest price was South Africa ($X per litre), while the average price for exports to Malaysia ($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 Nigeria (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into India

In 2021, purchases abroad of grape must was finally on the rise to reach X litres for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of 511% against the previous year. Over the period under review, imports reached the maximum at X litres in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, grape must imports surged to $X in 2021. Overall, imports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of 636%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X litres), Italy (X litres) and Australia (X litres) were the main suppliers of grape must imports to India, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +5.2%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of grape must to India, comprising 75% of total imports. The second position in the ranking was held by Spain ($X), with an 18% share of total imports. It was followed by Australia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.9% per year) and Australia (-29.7% per year).

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, growing by 30% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 40% against the previous year. The import price peaked at $X per litre in 2018; however, from 2019 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 France ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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