Report Update Nov 1, 2024

Sri Lanka - Spirits Obtained From Distilled Grape Wine or Grape Marc - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sri Lanka: Grape Wine Spirits Market 2024

Grape Wine Spirits Exports

Exports from Sri Lanka

In 2022, shipments abroad of spirits obtained from distilled grape wine or grape marc was finally on the rise to reach X litres after three years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 168% against the previous year. Over the period under review, the exports reached the peak figure at X litres in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, grape wine spirits exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 235%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X litres), the United Arab Emirates (X litres) and Denmark (X litres) were the main destinations of grape wine spirits exports from Sri Lanka, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +56.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grape wine spirits exported from Sri Lanka were the United Arab Emirates ($X), Singapore ($X) and Denmark ($X), together comprising 100% of total exports.

Denmark, with a CAGR of +99.9%, saw the highest growth rate of the value of exports, among 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

In 2022, the average grape wine spirits export price amounted to $X per litre, with an increase of 30% against the previous year. In general, the export price posted a perceptible expansion. The pace of growth was the most pronounced in 2013 an increase of 61% against the previous year. The export price peaked at $X per litre in 2018; however, from 2019 to 2022, 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 Denmark ($X per litre), while the average price for exports to Singapore ($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 Denmark (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Sri Lanka

In 2022, overseas purchases of spirits obtained from distilled grape wine or grape marc increased by 309% to X litres for the first time since 2018, thus ending a three-year declining trend. In general, imports posted a remarkable increase. Over the period under review, imports reached the maximum at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 135%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X litres), France (X litres) and Italy (X litres) were the main suppliers of grape wine spirits imports to Sri Lanka, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grape wine spirits suppliers to Sri Lanka were the UK ($X), France ($X) and Italy ($X), with a combined 100% share of total imports.

Italy, with a CAGR of +40.8%, recorded the highest rates of growth with regard to 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

In 2022, the average grape wine spirits import price amounted to $X per litre, waning by -50% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per litre in 2021, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while the price for the UK ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits obtained from distilled grape wine or grape marc in the world?

The country with the largest volume of grape wine spirits consumption was the United States, accounting for 56% of total volume. Moreover, grape wine spirits consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. India ranked third in terms of total consumption with a 4.3% share.

What are the largest producers of spirits obtained from distilled grape wine or grape marc in the world?

The country with the largest volume of grape wine spirits production was the United States, comprising approx. 55% of total volume. Moreover, grape wine spirits production in the United States exceeded the figures recorded by the second-largest producer, China, sixfold. The third position in this ranking was occupied by France, with a 6.8% share.

What are the leading suppliers of spirits obtained from distilled grape wine or grape marc to Sri Lanka?

In value terms, France constituted the largest supplier of grape wine spirits to Sri Lanka, comprising 67% of total imports. The second position in the ranking was occupied by India, with a 16% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

What are the leading importers of spirits obtained from distilled grape wine or grape marc from Sri Lanka?

In value terms, the largest markets for grape wine spirits exported from Sri Lanka were Vietnam, Singapore and the United Arab Emirates, with a combined 97% share of total exports.

What is the average export price for spirits obtained from distilled grape wine or grape marc in Sri Lanka?

The average grape wine spirits export price stood at $7.4 per litre in 2021, dropping by -21.2% against the previous year.

What is the average import price for spirits obtained from distilled grape wine or grape marc in Sri Lanka?

The average grape wine spirits import price stood at $15 per litre in 2021, increasing by 9% against the previous year.

This report provides an in-depth analysis of the grape wine spirits market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023