Mexico: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Mexico

In 2022, the Mexican wine of fresh grapes market increased by 33% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Mexico

In 2022, shipments abroad of wine of fresh grapes (except sparkling wine) decreased by -31.7% to X litres, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 4,108% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports declined remarkably to $X in 2022. Over the period under review, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 3,906%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X litres) was the main destination for wine of fresh grapes exports from Mexico, accounting for a 98% share of total exports. It was followed by Spain (X litres), with a 1.8% share of total exports. The third position in this ranking was held by Belgium (X litres), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+66.6% per year) and Belgium (-32.5% per year).

In value terms, the United States ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.2% share of total exports. It was followed by Belgium, with a 0.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+99.3% per year) and Belgium (-27.1% per year).

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, increasing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2015 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to France ($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 Spain (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Mexico

Wine of fresh grapes imports into Mexico soared to X litres in 2022, increasing by 32% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +70.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine of fresh grapes imports skyrocketed to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +57.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X litres), Spain (X litres) and Italy (X litres) were the main suppliers of wine of fresh grapes imports to Mexico, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Chile ($X) and Italy ($X) appeared to be the largest wine of fresh grapes suppliers to Mexico, with a combined 73% share of total imports.

Among the main suppliers, Italy, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, 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 of fresh grapes import price amounted to $X per litre, approximately equating the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per litre. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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