Report Update Nov 1, 2024

Peru - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Sparkling Wine Market 2024

Sparkling Wine Exports

Exports from Peru

After two years of decline, shipments abroad of sparkling wine increased by 37% to X litres in 2022. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 152%. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sparkling wine exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 242%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X litres), Costa Rica (X litres) and Chile (X litres) were the main destinations of sparkling wine exports from Peru, with a combined 77% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +22.2%), while the other leaders experienced mixed trend patterns.

In value terms, Costa Rica ($X) remains the key foreign market for sparkling wine exports from Peru, comprising 63% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Panama, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.0% per year) and Panama (-15.2% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, dropping by -15% against the previous year. In general, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per litre in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per litre), while the average price for exports to Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Peru

Sparkling wine imports into Peru reduced markedly to X litres in 2022, which is down by -18.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of X litres, and then contracted markedly in the following year.

In value terms, sparkling wine imports fell sharply to $X in 2022. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X litres) constituted the largest supplier of sparkling wine to Peru, accounting for a 41% share of total imports. Moreover, sparkling wine imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X litres), sevenfold. The third position in this ranking was held by Argentina (X litres), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-9.5% per year) and Argentina (-13.1% per year).

In value terms, Italy ($X) constituted the largest supplier of sparkling wine to Peru, comprising 37% of total imports. The second position in the ranking was held by Spain ($X), with a 6.2% share of total imports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.3% per year) and France (-13.9% per year).

Import Prices by Country

In 2022, the average sparkling wine import price amounted to $X per litre, increasing by 3.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 5.1%. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in the world?

The countries with the highest volumes of sparkling wine consumption in 2021 were the United States, India and the UK, with a combined 44% share of global consumption.

What are the largest producers of sparkling wine in the world?

Italy remains the largest sparkling wine producing country worldwide, comprising approx. 29% of total volume. Moreover, sparkling wine production in Italy exceeded the figures recorded by the second-largest producer, France, twofold. India ranked third in terms of total production with a 14% share.

What are the leading suppliers of sparkling wine to Peru?

In value terms, Italy constituted the largest supplier of sparkling wine to Peru, comprising 66% of total imports. The second position in the ranking was occupied by Spain, with a 14% share of total imports. It was followed by France, with a 9.3% share.

What are the leading importers of sparkling wine from Peru?

In value terms, Panama remains the key foreign market for sparkling wine exports from Peru, comprising 49% of total exports. The second position in the ranking was occupied by France $752), with a 13% share of total exports. It was followed by the United States, with a 9.6% share.

What is the average export price for sparkling wine in Peru?

The average sparkling wine export price stood at $7.7 per litre in 2021, rising by 4.9% against the previous year.

What is the average import price for sparkling wine in Peru?

The average sparkling wine import price stood at $3.1 per litre in 2021, growing by 3.7% against the previous year.

This report provides an in-depth analysis of the sparkling wine market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021130 - Champagne (important: excluding alcohol duty)
Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023