MERCOSUR: Wine Market 2024

Wine Market Size in MERCOSUR

In 2022, the MERCOSUR wine market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Wine Production in MERCOSUR

In value terms, wine production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Wine Exports

Exports in MERCOSUR

In 2022, shipments abroad of wine and grape must decreased by X% to X litres, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports shrank slightly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile represented the largest exporter of wine and grape must in MERCOSUR, with the volume of exports finishing at X litres, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X litres), achieving a X% share of total exports.

Chile was also the fastest-growing in terms of the wine and grape must exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest wine supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Chile was relatively modest.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per litre, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per litre in 2018; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per litre), while Chile stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Wine Imports

Imports in MERCOSUR

In 2022, supplies from abroad of wine and grape must decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. Total imports indicated notable growth from 2012 to 2022: its volume 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2021, and then dropped modestly in the following year.

In value terms, wine imports rose to $X in 2022. Total imports indicated a noticeable increase 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil was the main importer of wine and grape must in MERCOSUR, with the volume of imports accounting for X litres, which was approx. X% of total imports in 2022. It was distantly followed by Colombia (X litres), Paraguay (X litres), Peru (X litres) and Ecuador (X litres), together achieving a X% share of total imports. The following importers - Venezuela (X litres) and Uruguay (X litres) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wine imports into Brazil stood at X%. At the same time, Ecuador (X%), Colombia (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Uruguay experienced a relatively flat trend pattern. By contrast, Paraguay (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Ecuador increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per litre, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per litre in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per litre), while Paraguay ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform