South-Eastern Asia: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in South-Eastern Asia

The Southeast Asian wine of fresh grapes market contracted to $X in 2022, reducing by -5.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in South-Eastern Asia

In value terms, wine of fresh grapes production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in South-Eastern Asia

In 2022, overseas shipments of wine of fresh grapes (except sparkling wine) increased by 18% to X litres, rising for the second year in a row after two years of decline. Total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 21%. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wine of fresh grapes exports contracted slightly to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

Thailand (X litres) and Singapore (X litres) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +6.3%).

In value terms, Singapore ($X) remains the largest wine of fresh grapes supplier in South-Eastern Asia, comprising 72% of total exports. The second position in the ranking was held by Thailand ($X), with a 27% share of total exports.

In Singapore, wine of fresh grapes exports increased at an average annual rate of +6.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per litre, dropping by -16.9% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 export price increased by +70.4% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per litre, and then contracted sharply 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 Singapore ($X per litre), while Thailand amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%).

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in South-Eastern Asia

In 2022, purchases abroad of wine of fresh grapes (except sparkling wine) increased by 18% to X litres, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. The volume of import peaked at X litres in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, wine of fresh grapes imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +83.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Malaysia (X litres), Singapore (X litres), the Philippines (X litres) and Thailand (X litres) was the largest importer of wine of fresh grapes (except sparkling wine) in South-Eastern Asia, constituting 85% of total import. It was distantly followed by Vietnam (X litres), constituting a 7.4% share of total imports. The following importers - Lao People's Democratic Republic (X litres) and Indonesia (X litres) - each resulted at a 5.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total imports. It was followed by Thailand, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +6.9%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+6.6% per year) and Thailand (+10.1% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per litre, surging by 5.2% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 +94.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 32% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while Lao People's Democratic Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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