India: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in India

The Indian grape wine spirits market declined to $X in 2022, waning by -4.7% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Grape Wine Spirits Production in India

In value terms, grape wine spirits production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 18%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Grape Wine Spirits Exports

Exports from India

In 2022, exports of spirits obtained from distilled grape wine or grape marc from India skyrocketed to X litres, increasing by 242% on the year before. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grape wine spirits exports rose significantly to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 99% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X litres) was the main destination for grape wine spirits exports from India, with a 75% share of total exports. Moreover, grape wine spirits exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X litres), tenfold. Haiti (X litres) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+16.5% per year) and Haiti (+46.3% per year).

In value terms, the largest markets for grape wine spirits exported from India were Singapore ($X), the United Arab Emirates ($X) and the Netherlands ($X), with a combined 83% share of total exports.

The United Arab Emirates, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grape wine spirits export price stood at $X per litre in 2022, declining by -66.5% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 29% against the previous year. The export price peaked at $X per litre in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to the United Arab Emirates ($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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into India

In 2022, the amount of spirits obtained from distilled grape wine or grape marc imported into India soared to X litres, rising by 88% against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X litres in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports soared to $X in 2022. Over the period under review, imports enjoyed a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X litres) constituted the largest supplier of grape wine spirits to India, accounting for a 53% share of total imports. Moreover, grape wine spirits imports from France exceeded the figures recorded by the second-largest supplier, Singapore (X litres), fourfold. The third position in this ranking was held by the United Arab Emirates (X litres), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.0% per year) and the United Arab Emirates (+9.1% per year).

In value terms, Singapore ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to India, comprising 56% of total imports. The second position in the ranking was held by France ($X), with a 25% share of total imports. It was followed by the United Arab Emirates, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.8% per year) and the United Arab Emirates (+16.7% per year).

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, picking up by 11% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits import price increased by +13.2% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :