Northern America: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Northern America

The North American grape wine spirits market dropped slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Grape Wine Spirits Production in Northern America

In value terms, grape wine spirits production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Grape Wine Spirits Exports

Exports in Northern America

In 2022, grape wine spirits exports in Northern America skyrocketed to X litres, increasing by 51% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt slump. The volume of export peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, grape wine spirits exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 67% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, reaching X litres, which was near 96% of total exports in 2022. Canada (X litres) held a minor share of total exports.

Exports from the United States decreased at an average annual rate of -14.2% from 2012 to 2022. Canada experienced a relatively flat trend pattern. Canada (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -3.4% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest grape wine spirits supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 1.9% share of total exports.

In the United States, grape wine spirits exports remained relatively stable 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 -1.6% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when the export price increased by 88% against the previous year. As a result, the export price reached the peak level of $X per litre, and then declined in the following year.

There were significant differences in the average prices 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 amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%).

Grape Wine Spirits Imports

Imports in Northern America

Grape wine spirits imports totaled X litres in 2022, picking up by 3.9% on 2021. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, grape wine spirits imports rose notably to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of around X litres, which resulted at 88% of total imports. It was distantly followed by Canada (X litres), making up a 12% share of total imports.

Imports into the United States increased at an average annual rate of +8.8% from 2012 to 2022. At the same time, Canada (+17.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +17.1% from 2012-2022. While the share of Canada (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-5.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported spirits obtained from distilled grape wine or grape marc in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +11.1%.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2022, surging by 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the import price increased by 11%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while Canada totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.1%).

Source: IndexBox Platform

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