New Zealand: Grape Must Market 2024

Grape Must Market Size in New Zealand

The New Zealand grape must market stood at $X in 2021, remaining relatively unchanged against the previous year. In general, consumption, however, saw a noticeable shrinkage. Grape must consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Grape Must Production in New Zealand

In value terms, grape must production totaled $X in 2021 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2016 with an increase of 54% against the previous year. Grape must production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Grape Must Exports

Exports from New Zealand

In 2021, shipments abroad of grape must increased by 69% to X litres, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 203%. Over the period under review, the exports reached the maximum at X litres in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, grape must exports totaled $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 144%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X litres) was the main destination for grape must exports from New Zealand, accounting for a 42% share of total exports. Moreover, grape must exports to Cambodia exceeded the volume sent to the second major destination, Honduras (X litres), sixfold. Ukraine (X litres) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia amounted to +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+308.9% per year) and Ukraine (-9.2% per year).

In value terms, Cambodia ($X) emerged as the key foreign market for grape must exports from New Zealand, comprising 34% of total exports. The second position in the ranking was held by Honduras ($X), with an 11% share of total exports. It was followed by Ukraine, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia amounted to +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+361.2% per year) and Ukraine (+10.7% per year).

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, dropping by -38.2% against the previous year. In general, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41%. The export price peaked at $X per litre in 2020, and then dropped sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per litre), while the average price for exports to Cambodia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into New Zealand

In 2021, the amount of grape must imported into New Zealand shrank to X litres, waning by -9.1% against 2020 figures. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 1,480% against the previous year. Over the period under review, imports hit record highs at X litres in 2020, and then shrank in the following year.

In value terms, grape must imports shrank to $X in 2021. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of 705% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Italy (X litres) was the main grape must supplier to New Zealand, accounting for a 94% share of total imports. Moreover, grape must imports from Italy exceeded the figures recorded by the second-largest supplier, Australia (X litres), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +91.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-1.8% per year) and Israel (+45.5% per year).

In value terms, Italy ($X) constituted the largest supplier of grape must to New Zealand, comprising 84% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +97.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+17.8% per year) and Israel (+43.8% per year).

Import Prices by Country

In 2021, the average grape must import price amounted to $X per litre, picking up by 3.6% against the previous year. Overall, the import price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2016 an increase of 66% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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