Japan: Grape Must Market 2024

Grape Must Market Size in Japan

After three years of growth, the Japanese grape must market decreased by -5.8% to $X in 2021. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.1% against 2016 indices. Grape must consumption peaked at $X in 2020, and then fell in the following year.

Grape Must Production in Japan

In value terms, grape must production shrank to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 76% against the previous year. Grape must production peaked at $X in 2020, and then reduced in the following year.

Grape Must Exports

Exports from Japan

In 2021, shipments abroad of grape must increased by 803% to X litres for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 2,179%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, grape must exports surged to $X in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 2,215% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X litres) was the main destination for grape must exports from Japan, accounting for a 64% share of total exports. Moreover, grape must exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X litres), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+116.0% per year) and Hong Kong SAR (+23.1% per year).

In value terms, China ($X) remains the key foreign market for grape must exports from Japan, comprising 55% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+81.1% per year) and Hong Kong SAR (+8.8% per year).

Export Prices by Country

The average grape must export price stood at $X per litre in 2021, reducing by -77.1% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 205% against the previous year. The export price peaked at $X per litre in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per litre), while the average price for exports to China ($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 China (+2.6%), while the prices for the other major destinations experienced a decline.

Grape Must Imports

Imports into Japan

For the sixth year in a row, Japan recorded decline in overseas purchases of grape must, which decreased by -79.9% to X litres in 2021. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2013 when imports increased by 25%. As a result, imports attained the peak of X litres. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, grape must imports reduced sharply to $X in 2021. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina (X litres), Chile (X litres) and the United Arab Emirates (X litres) were the main suppliers of grape must imports to Japan, together accounting for 99.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Argentina ($X), Chile ($X) and the United Arab Emirates ($X) constituted the largest grape must suppliers to Japan, with a combined 100% share of total imports.

The United Arab Emirates, with a CAGR of 0.0%, 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 a decline.

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, falling by -16.7% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per litre), while the price for the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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