Northern America: Grape Must Market 2024

Grape Must Market Size in Northern America

The North American grape must market was estimated at $X in 2021, surging by 1.5% against the previous year. Over the period under review, consumption saw a pronounced descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Grape Must Production in Northern America

In value terms, grape must production rose to $X in 2021 estimated in export price. In general, production showed a noticeable contraction. The growth pace was the most rapid in 2019 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Grape Must Exports

Exports in Northern America

In 2021, the amount of grape must exported in Northern America plummeted to X litres, waning by -65.2% on the year before. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 451%. As a result, the exports reached the peak of X litres. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grape must exports declined markedly to $X in 2021. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 355%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States was the key exporting country with an export of around X litres, which recorded 87% of total exports. It was distantly followed by Canada (X litres), committing a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to grape must exports from the United States stood at -18.5%. Canada (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +9.6 percentage points.

In value terms, the United States ($X) remains the largest grape must supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

In the United States, grape must exports contracted by an average annual rate of -15.9% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2021, with an increase of 8.9% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape must export price decreased by -11.8% against 2019 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 45%. As a result, the export price reached the peak level of $X per litre. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per litre), while the United States amounted to $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.2%).

Grape Must Imports

Imports in Northern America

After two years of decline, purchases abroad of grape must increased by 562% to X litres in 2021. Over the period under review, imports, however, saw a abrupt decline. Over the period under review, imports attained the peak figure at X litres in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, grape must imports surged to $X in 2021. Overall, imports, however, recorded a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X litres), Greenland (X litres) and Canada (X litres) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of +63.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Greenland ($X) constitutes the largest market for imported grape must in Northern America, comprising 59% of total imports. The second position in the ranking was held by the United States ($X), with a 28% share of total imports.

In Greenland, grape must imports increased at an average annual rate of +14.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United States (-22.2% per year) and Canada (+51.1% per year).

Import Prices by Country

The import price in Northern America stood at $X per litre in 2021, reducing by -42.8% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 56%. As a result, import price attained the peak level of $X per litre, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Greenland ($X per litre), while Canada ($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 States (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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