Southern Asia: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Southern Asia

The South Asian grape wine spirits market dropped to $X in 2022, reducing by -5.4% against the previous year. In general, consumption, however, continues to indicate a mild increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Grape Wine Spirits Production in Southern Asia

In value terms, grape wine spirits production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Grape Wine Spirits Exports

Exports in Southern Asia

In 2022, grape wine spirits exports in Southern Asia skyrocketed to X litres, rising by 234% against the previous year's figure. In general, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grape wine spirits exports soared to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 98%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X litres) represented the key exporter of spirits obtained from distilled grape wine or grape marc in Southern Asia, generating 99% of total export.

India was also the fastest-growing in terms of the spirits obtained from distilled grape wine or grape marc exports, with a CAGR of +17.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest grape wine spirits supplier in Southern Asia.

In India, grape wine spirits exports expanded at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per litre, which is down by -64.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 37%. Over the period under review, the export prices reached the maximum at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.1% per year.

Grape Wine Spirits Imports

Imports in Southern Asia

In 2022, approx. X litres of spirits obtained from distilled grape wine or grape marc were imported in Southern Asia; picking up by 102% compared with the previous year's figure. Overall, imports enjoyed slight growth. Over the period under review, imports attained the maximum at X litres in 2013; afterwards, it flattened through to 2022.

In value terms, grape wine spirits imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India was the key importer of spirits obtained from distilled grape wine or grape marc in Southern Asia, with the volume of imports recording X litres, which was approx. 67% of total imports in 2022. It was distantly followed by Sri Lanka (X litres) and Nepal (X litres), together constituting a 32% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of spirits obtained from distilled grape wine or grape marc. At the same time, Nepal (+15.9%) and Sri Lanka (+10.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.9% from 2012-2022. From 2012 to 2022, the share of Sri Lanka and Nepal increased by +16 and +3.4 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported spirits obtained from distilled grape wine or grape marc in Southern Asia, comprising 75% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 16% share of total imports.

In India, grape wine spirits imports increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+7.2% per year) and Nepal (+21.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per litre, waning by -9% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits import price decreased by -13.5% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by 27%. The level of import peaked at $X per litre in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Nepal ($X per litre), while Sri Lanka ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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