Report Update Nov 1, 2024

Philippines - Grape Must - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Grape Must Market 2024

Grape Must Market Size in the Philippines

The Philippine grape must market dropped dramatically to $X in 2021, waning by -18.6% against the previous year. Overall, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Grape Must Production in the Philippines

In value terms, grape must production fell notably to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X, and then dropped sharply in the following year.

Grape Must Exports

Exports from the Philippines

In 2020, approx. X litres of grape must were exported from the Philippines; flattening at the previous year. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, grape must exports amounted to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Kiribati (X litres) was the main destination for grape must exports from the Philippines, with a 80% share of total exports. Moreover, grape must exports to Kiribati exceeded the volume sent to the second major destination, Singapore (X litres), fourfold.

From 2020 to 2020, the average annual growth rate of volume to Kiribati was relatively modest.

From 2020 to 2020, the average annual growth rate of value to Kiribati was relatively modest.

Grape Must Imports

Imports into the Philippines

In 2021, purchases abroad of grape must decreased by 0% to X litres, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,374%. Imports peaked at X litres in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, grape must imports amounted to $X in 2021. Overall, imports showed a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 1,435%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X litres) constituted the largest supplier of grape must to the Philippines, accounting for a 44% share of total imports. Moreover, grape must imports from Italy exceeded the figures recorded by the second-largest supplier, Australia (X litres), threefold. The third position in this ranking was held by New Zealand (X litres), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+2.9% per year) and New Zealand (+4.6% per year).

In value terms, New Zealand ($X), Italy ($X) and Australia ($X) constituted the largest grape must suppliers to the Philippines, together comprising 79% of total imports.

Italy, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average grape must import price amounted to $X per litre, approximately reflecting the previous year. Over the period under review, the import price saw resilient growth. The growth pace was the most rapid in 2015 when the average import price increased by 90% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for grape must in the world?

China remains the largest grape must consuming country worldwide, accounting for 25% of total volume. Moreover, grape must consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of grape must in the world?

China constituted the country with the largest volume of grape must production, accounting for 25% of total volume. Moreover, grape must production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of grape must to the Philippines?

In value terms, New Zealand, Italy and South Africa $841) were the largest grape must suppliers to the Philippines, with a combined 85% share of total imports.

What is the average export price for grape must in the Philippines?

In 2020, the average grape must export price amounted to $2.8 per litre, therefore, remained relatively stable against the previous year.

What is the average import price for grape must in the Philippines?

In 2021, the average grape must import price amounted to $4 per litre, growing by 74% against the previous year.

This report provides an in-depth analysis of the grape must market in the Philippines. 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 11021250 - Grape must (excluding alcohol duty)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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