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

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

The Indian wine of fresh grapes market amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -2.8% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, wine of fresh grapes production amounted to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -3.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from India

In 2022, overseas shipments of wine of fresh grapes (except sparkling wine) were finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a drastic downturn. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports dropped to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X litres) was the main destination for wine of fresh grapes exports from India, with a 52% share of total exports. Moreover, wine of fresh grapes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X litres), fourfold. The third position in this ranking was held by Italy (X litres), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+19.2% per year) and Italy (+13.1% per year).

In value terms, Singapore ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from India, comprising 41% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+24.4% per year) and the UK (-4.3% per year).

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, dropping by -41.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 57%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to Bhutan ($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 Nigeria (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into India

In 2022, purchases abroad of wine of fresh grapes (except sparkling wine) increased by 39% to X litres, rising for the second year in a row after two years of decline. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 88%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wine of fresh grapes imports soared to $X in 2022. Overall, imports saw a notable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 84%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Australia (X litres) constituted the largest supplier of wine of fresh grapes to India, accounting for a 45% share of total imports. Moreover, wine of fresh grapes imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X litres), fourfold. Chile (X litres) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.8% per year) and Chile (+15.9% per year).

In value terms, Australia ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to India, comprising 36% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.6% per year) and France (-1.7% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, waning by -3.3% against the previous year. In general, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of 13% against the previous year. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United Arab Emirates ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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