MERCOSUR: Grape Must Market 2024

Grape Must Market Size in MERCOSUR

The MERCOSUR grape must market declined to $X in 2021, which is down by -1.5% against the previous year. Over the period under review, consumption continues to indicate a slight shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Grape Must Production in MERCOSUR

In value terms, grape must production declined slightly to $X in 2021 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Grape Must Exports

Exports in MERCOSUR

In 2021, shipments abroad of grape must decreased by -58.3% to X litres, falling for the sixth consecutive year after four years of growth. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2013 when exports increased by 8.4%. Over the period under review, the exports reached the peak figure at X litres in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, grape must exports declined dramatically to $X in 2021. Overall, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2013 with an increase of 15%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Argentina (X litres) was the key exporter of grape must, mixing up 73% of total exports. Chile (X litres) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (4.9%).

From 2012 to 2021, average annual rates of growth with regard to grape must exports from Argentina stood at -14.1%. Brazil (-11.3%) and Chile (-25.1%) illustrated a downward trend over the same period. Argentina (+24 p.p.) and Brazil (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by -27.6% from 2012 to 2021, respectively.

In value terms, Argentina ($X) emerged as the largest grape must supplier in MERCOSUR, comprising 67% of total exports. The second position in the ranking was taken by Chile ($X), with a 26% share of total exports.

In Argentina, grape must exports decreased by an average annual rate of -17.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-28.1% per year) and Brazil (-12.8% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per litre, rising by 2.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2018 an increase of 16%. Over the period under review, the export prices attained the peak figure at $X per litre in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per litre), while Argentina ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.7%), while the other leaders experienced a decline in the export price figures.

Grape Must Imports

Imports in MERCOSUR

Grape must imports fell markedly to X litres in 2021, dropping by -41% on 2020 figures. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. The volume of import peaked at X litres in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, grape must imports reduced sharply to $X in 2021. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 52% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X litres) and Venezuela (X litres) represented the main importers of grape must in MERCOSUR, together finishing at approx. 64% of total imports. It was distantly followed by Colombia (X litres) and Ecuador (X litres), together comprising a 26% share of total imports. Argentina (X litres) and Paraguay (X litres) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Paraguay (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported grape must in MERCOSUR, comprising 42% of total imports. The second position in the ranking was taken by Venezuela ($X), with a 17% share of total imports. It was followed by Colombia, with a 14% share.

In Brazil, grape must imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (+8.0% per year) and Colombia (-13.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per litre in 2021, increasing by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ecuador ($X per litre), while Venezuela ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform