Israel: Wine Market 2024

Wine Market Size in Israel

The Israeli wine market contracted markedly to $X in 2021, with a decrease of -65.5% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Wine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wine Production in Israel

In value terms, wine production declined to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 10%. Wine production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Wine Exports

Exports from Israel

In 2021, approx. X litres of wine were exported from Israel; with an increase of 43% against 2020 figures. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 61%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wine exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +119.0% against 2012 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 23% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X litres) was the main destination for wine exports from Israel, accounting for a 73% 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 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.5% per year) and the UK (+9.4% per year).

In value terms, the United States ($X) remains the key foreign market for wine exports from Israel, comprising 64% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the UK, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.0% per year) and the UK (+3.7% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2021, declining by -14.9% against the previous year. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 an increase of 30%. Over the period under review, the average export prices hit record highs at $X per litre in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per litre), while the average price for exports to the United States ($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 Canada (+1.9%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Israel

In 2021, wine imports into Israel skyrocketed to X litres, with an increase of 67% on the previous year. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X litres), Italy (X litres) and Germany (X litres) were the main suppliers of wine imports to Israel, with a combined 72% share of total imports. These countries were followed by Spain, Argentina, the United States, Portugal, Chile, New Zealand and Moldova, which together accounted for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +44.5%), while imports 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 Germany ($X), with a combined 72% share of total imports. These countries were followed by Spain, Argentina, the United States, Portugal, Chile, New Zealand and Moldova, which together accounted for a further 22%.

Portugal, with a CAGR of +35.6%, recorded the highest growth rate of 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

The average wine import price stood at $X per litre in 2021, which is down by -10.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2020 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per litre, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per litre) and Spain ($X per litre), while the price for Moldova ($X per litre) and Portugal ($X per litre) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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