Middle East: Wine Market 2024

Wine Market Size in the Middle East

The Middle Eastern wine market surged to $X in 2021, increasing by 26% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wine Production in the Middle East

In value terms, wine production skyrocketed to $X in 2021 estimated in export price. Overall, production saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of 116%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wine Exports

Exports in the Middle East

In 2021, approx. X litres of wine were exported in the Middle East; jumping by 43% on the year before. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 48%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, wine exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel dominates exports structure, finishing at X litres, which was near 86% of total exports in 2021. It was distantly followed by Lebanon (X litres) and Turkey (X litres), together generating a 9.7% share of total exports. The United Arab Emirates (X litres) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the wine exports, with a CAGR of +14.4% from 2012 to 2021. At the same time, the United Arab Emirates (+7.4%) and Lebanon (+4.7%) displayed positive paces of growth. By contrast, Turkey (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel increased by +19 percentage points.

In value terms, Israel ($X) remains the largest wine supplier in the Middle East, comprising 58% of total exports. The second position in the ranking was held by Lebanon ($X), with a 24% share of total exports. It was followed by the United Arab Emirates, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +9.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Lebanon (+6.5% per year) and the United Arab Emirates (+7.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per litre in 2021, dropping by -8.4% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of 12%. The level of export peaked 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per litre), while Israel ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in the Middle East

In 2021, purchases abroad of wine was finally on the rise to reach X litres for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of around X litres, which reached 58% of total imports. Israel (X litres) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (7.3%). The following importers - Qatar (X litres), Lebanon (X litres) and Bahrain (X litres) - together made up 6.3% of total imports.

From 2012 to 2021, average annual rates of growth with regard to wine imports into the United Arab Emirates stood at +4.9%. At the same time, Israel (+11.5%), Turkey (+10.3%), Bahrain (+3.9%) and Lebanon (+1.9%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +11.5% from 2012-2021. By contrast, Qatar (-16.7%) illustrated a downward trend over the same period. While the share of Israel (+11 p.p.), the United Arab Emirates (+4.2 p.p.) and Turkey (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Qatar (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wine in the Middle East, comprising 67% of total imports. The second position in the ranking was taken by Israel ($X), with a 19% share of total imports. It was followed by Turkey, with a 6.1% share.

In the United Arab Emirates, wine imports expanded at an average annual rate of +7.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+13.5% per year) and Turkey (+11.5% per year).

Import Prices by Country

The import price in the Middle East stood at $X per litre in 2021, surging by 21% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. 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 the United Arab Emirates ($X per litre), while Qatar ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :