Southern Asia: Wine Market 2024

Wine Market Size in Southern Asia

The South Asian wine market fell to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Southern Asia

In value terms, wine production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports in Southern Asia

After two years of decline, overseas shipments of wine and grape must increased by X% to X litres in 2022. Overall, exports posted pronounced growth. The volume of export peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wine exports skyrocketed to $X in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Sri Lanka (X litres) and India (X litres), together resulting at X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sri Lanka (with a CAGR of X%).

In value terms, India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Sri Lanka, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Southern Asia stood at $X per litre in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 India ($X per litre), while Sri Lanka amounted to $X per litre.

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

Wine Imports

Imports in Southern Asia

In 2022, purchases abroad of wine and grape must increased by X% to X litres, rising for the second year in a row after two years of decline. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, wine imports soared to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India was the key importer of wine and grape must in Southern Asia, with the volume of imports recording X litres, which was near X% of total imports in 2022. Maldives (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (X%). The following importers - Nepal (X litres), Bhutan (X litres) and Bangladesh (X litres) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Maldives (X%), Sri Lanka (X%) and Bhutan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Nepal (X%) illustrated a downward trend over the same period. Maldives (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Sri Lanka and Nepal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported wine and grape must in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, wine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per litre, remaining constant against the previous year. Overall, the import price saw a mild slump. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per litre), while Bhutan ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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