Israel: Wine Market 2024

Wine Market Size in Israel

The Israeli wine market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wine Production in Israel

In value terms, wine production rose slightly to $X in 2022 estimated in export price. Overall, production showed a mild descent. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Wine Exports

Exports from Israel

Wine exports from Israel fell to X litres in 2022, with a decrease of X% on the previous year's figure. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2021, and then fell in the following year.

In value terms, wine exports expanded significantly to $X in 2022. Overall, total exports indicated a prominent 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, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X litres) was the main destination for wine exports from Israel, with a X% share of total exports. Moreover, wine exports to the United States exceeded the volume sent to the second major destination, France (X litres), more than tenfold. The third position in this ranking was taken by the UK (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for wine and grape must exports from Israel, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, growing by X% against the previous year. In general, the export price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per litre in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Wine Imports

Imports into Israel

Wine imports into Israel surged to X litres in 2022, picking up by X% compared with the year before. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine imports reached $X in 2022. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Uruguay (X litres), Bulgaria (X litres) and France (X litres) were the main suppliers of wine imports to Israel, together comprising X% of total imports. Morocco, Italy, North Macedonia, Cyprus, Spain, Germany, the United States, Argentina and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Israel were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. Germany, the United States, Argentina, Chile, Cyprus, Uruguay, Bulgaria, Morocco and North Macedonia lagged somewhat behind, together accounting for a further X%.

Cyprus, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, shrinking by X% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, import price attained the peak level of $X per litre. From 2021 to 2022, the average import prices failed to regain momentum.

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 States ($X per litre), while the price for Bulgaria (less than $X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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