Spain: Grape Must Market 2024

Grape Must Market Size in Spain

The Spanish grape must market expanded rapidly to $X in 2021, growing by 8.7% against the previous year. Overall, consumption, however, continues to indicate a deep slump. Grape must consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Grape Must Production in Spain

In value terms, grape must production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 53%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Grape Must Exports

Exports from Spain

In 2021, overseas shipments of grape must increased by 34% to X litres, rising for the fifth consecutive year after two years of decline. In general, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 82%. As a result, the exports attained the peak of X litres. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, grape must exports skyrocketed to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 34%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Italy (X litres), France (X litres) and Israel (X litres) were the main destinations of grape must exports from Spain, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grape must exported from Spain were Italy ($X), France ($X) and Nigeria ($X), with a combined 73% share of total exports. These countries were followed by Germany, Portugal, Israel and Romania, which together accounted for a further 18%.

Portugal, with a CAGR of +52.2%, saw 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 grape must export price stood at $X per litre in 2021, shrinking by -5.9% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grape must export price decreased by -23.5% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. The export price peaked at $X per litre in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per litre), while the average price for exports to Israel ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into Spain

In 2021, after three years of growth, there was significant decline in purchases abroad of grape must, when their volume decreased by -75.6% to X litres. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 637% against the previous year. Imports peaked at X litres in 2020, and then declined sharply in the following year.

In value terms, grape must imports contracted significantly to $X in 2021. In general, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 626%. Over the period under review, imports attained the maximum at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

Italy (X litres), Germany (X litres) and Portugal (X litres) were the main suppliers of grape must imports to Spain, together comprising 93% of total imports. These countries were followed by Romania, Ukraine and Belgium, which together accounted for a further 4.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grape must suppliers to Spain were Italy ($X), Germany ($X) and Portugal ($X), with a combined 88% share of total imports. These countries were followed by Ukraine, Romania and Belgium, which together accounted for a further 2.1%.

Romania, with a CAGR of +36.4%, recorded the highest growth rate of 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

The average grape must import price stood at $X per litre in 2021, picking up by 100% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The import price peaked at $X per litre in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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