India: Wine Market 2024

Wine Market Size in India

The Indian wine market was estimated at $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Wine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wine Production in India

In value terms, wine production totaled $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Wine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Wine Exports

Exports from India

In 2022, shipments abroad of wine and grape must was finally on the rise to reach X litres after five years of decline. Overall, exports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports skyrocketed to $X in 2022. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Singapore (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for wine and grape must exports from India, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, with a decrease of X% against the previous year. Overall, the export price, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per litre in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into India

In 2022, overseas purchases of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wine imports surged to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X litres) constituted the largest supplier of wine to India, with a X% share of total imports. Moreover, wine imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X litres), threefold. The third position in this ranking was held by France (X litres), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, the largest wine suppliers to India were Australia ($X), Italy ($X) and France ($X), together accounting for X% of total imports. Singapore, Chile, Spain, the United States, South Africa, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wine import price amounted to $X per litre, approximately equating the previous year. In general, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per litre in 2015; however, from 2016 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 ($X per litre), while the price for Spain ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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