Northern America: Sparkling Wine Market 2024

Sparkling Wine Market Size in Northern America

In 2022, the North American sparkling wine market increased by 1.7% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sparkling Wine Production in Northern America

In value terms, sparkling wine production fell slightly to $X in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 8.6% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sparkling Wine Exports

Exports in Northern America

For the fourth year in a row, Northern America recorded decline in overseas shipments of sparkling wine, which decreased by -13% to X litres in 2022. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sparkling wine exports declined notably to $X in 2022. In general, exports showed a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 31% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, reaching X litres, which was approx. 95% of total exports in 2022. It was distantly followed by Canada (X litres), committing a 5.3% share of total exports.

The United States was also the fastest-growing in terms of the sparkling wine exports, with a CAGR of -5.5% from 2012 to 2022. Canada (-9.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +2.4 percentage points.

In value terms, the United States ($X) remains the largest sparkling wine supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.4% share of total exports.

In the United States, sparkling wine exports shrank by an average annual rate of -2.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per litre, shrinking by -7.2% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sparkling wine export price decreased by -22.1% against 2020 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 26%. Over the period under review, the export prices reached the maximum at $X per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).

Sparkling Wine Imports

Imports in Northern America

In 2022, sparkling wine imports in Northern America expanded significantly to X litres, picking up by 5.2% on the previous year. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, sparkling wine imports expanded significantly to $X in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United States was the largest importing country with an import of around X litres, which amounted to 90% of total imports. It was distantly followed by Canada (X litres), constituting a 10% share of total imports.

The United States was also the fastest-growing in terms of the sparkling wine imports, with a CAGR of +11.3% from 2012 to 2022. At the same time, Canada (+7.4%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +3.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported sparkling wine in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +9.3%.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2022, standing approx. at the previous year. In general, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by 7.5%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.3%).

Source: IndexBox Platform

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