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

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

The Myanmar's wine of fresh grapes market declined to $X in 2022, stabilizing at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Myanmar

In value terms, wine of fresh grapes production dropped to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Myanmar

Wine of fresh grapes exports from Myanmar skyrocketed to X litres in 2022, increasing by 19% on the year before. Over the period under review, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 215%. Over the period under review, the exports hit record highs at X litres in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports declined dramatically to $X in 2022. In general, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2019 when exports increased by 432% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X litres) and Singapore (X litres) were the main destinations of wine of fresh grapes exports from Myanmar.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +3.9%).

In value terms, Singapore ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Myanmar, comprising 28% of total exports. The second position in the ranking was held by China ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +10.1%.

Export Prices by Country

In 2022, the average wine of fresh grapes export price amounted to $X per litre, waning by -32.8% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 96%. The export price peaked at $X per litre in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to China amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.7%), while the prices for the other major destinations experienced a decline.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Myanmar

In 2022, after three years of decline, there was significant growth in purchases abroad of wine of fresh grapes (except sparkling wine), when their volume increased by 11% to X litres. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 170% against the previous year. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wine of fresh grapes imports fell to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 159% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X litres) constituted the largest wine of fresh grapes supplier to Myanmar, with a 58% share of total imports. Moreover, wine of fresh grapes imports from South Africa exceeded the figures recorded by the second-largest supplier, Singapore (X litres), threefold. The third position in this ranking was held by Thailand (X litres), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa totaled +78.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+77.8% per year) and Thailand (-5.2% per year).

In value terms, the largest wine of fresh grapes suppliers to Myanmar were South Africa ($X), Singapore ($X) and Thailand ($X), together accounting for 63% of total imports. Australia, Chile, the United States and the UK lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, the UK, with a CAGR of +94.9%, recorded 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

The average wine of fresh grapes import price stood at $X per litre in 2022, dropping by -19% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $X per litre. From 2020 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 Australia ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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