Portugal: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Portugal

For the third consecutive year, the Portuguese wine of fresh grapes market recorded growth in sales value, which increased by 20% to $X in 2022. Over the period under review, consumption recorded a modest expansion. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Portugal

In value terms, wine of fresh grapes production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a mild reduction. Wine of fresh grapes production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Portugal

In 2022, overseas shipments of wine of fresh grapes (except sparkling wine) decreased by -1.1% to X litres for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 7.4% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports shrank to $X in 2022. In general, exports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2018 with an increase of 15%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

France (X litres), Angola (X litres) and the United States (X litres) were the main destinations of wine of fresh grapes exports from Portugal, with a combined 30% share of total exports. The UK, Brazil, Germany, Poland, Belgium, the Netherlands, Canada, Spain, Sweden and Guinea-Bissau lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +9.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wine of fresh grapes exported from Portugal were France ($X), the United States ($X) and the UK ($X), together comprising 32% of total exports. Brazil, Canada, Germany, Belgium, the Netherlands, Angola, Poland, Sweden, Spain and Guinea-Bissau lagged somewhat behind, together comprising a further 43%.

Poland, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, declining by -8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Guinea-Bissau ($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 Spain (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Portugal

In 2022, approx. X litres of wine of fresh grapes (except sparkling wine) were imported into Portugal; with a decrease of -4.9% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +3.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at X litres in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wine of fresh grapes imports rose modestly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.7% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 68% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X litres) was the main wine of fresh grapes supplier to Portugal, accounting for a 96% share of total imports. It was followed by Italy (X litres), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +6.6%.

In value terms, Spain ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Portugal, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +7.5%.

Import Prices by Country

The average wine of fresh grapes import price stood at $X per litre in 2022, increasing by 7.1% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by +107.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Spain stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%).

Source: IndexBox Platform

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