United Kingdom: Grape Must Market 2024

Grape Must Market Size in the UK

The UK grape must market contracted to $X in 2021, falling by -5.5% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Grape Must Production in the UK

In value terms, grape must production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +5.7% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 83% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Grape Must Exports

Exports from the UK

In 2021, overseas shipments of grape must were finally on the rise to reach X litres for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 337%. Over the period under review, the exports attained the peak figure at X litres in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, grape must exports fell sharply to $X in 2021. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2016 when exports increased by 167% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X litres) was the main destination for grape must exports from the UK, with a 55% share of total exports. Moreover, grape must exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X litres), twofold. Hong Kong SAR (X litres) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+240.5% per year) and Hong Kong SAR (+64.3% per year).

In value terms, the largest markets for grape must exported from the UK were Spain ($X), the Netherlands ($X) and Hong Kong SAR ($X), with a combined 65% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +191.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, which is down by -59.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 484%. As a result, the export price attained the peak level of $X per litre. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per litre), while the average price for exports to the Czech Republic ($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 China (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Must Imports

Imports into the UK

In 2021, grape must imports into the UK fell sharply to X litres, shrinking by -43.6% against the previous year. In general, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when imports increased by 100%. As a result, imports reached the peak of X litres. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, grape must imports reduced notably to $X in 2021. Over the period under review, imports showed a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 92%. As a result, imports reached the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2021, Germany (X litres) constituted the largest supplier of grape must to the UK, with a 71% share of total imports. Moreover, grape must imports from Germany exceeded the figures recorded by the second-largest supplier, France (X litres), fivefold. The third position in this ranking was taken by South Africa (X litres), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.3% per year) and South Africa (+21.0% per year).

In value terms, the largest grape must suppliers to the UK were Germany ($X), France ($X) and South Africa ($X), together comprising 85% of total imports. These countries were followed by Italy and Spain, which together accounted for a further 5.2%.

Among the main suppliers, Spain, with a CAGR of +116.5%, saw the highest rates of growth with regard to the value of imports, 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, declining by -5% against the previous year. Overall, the import price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68%. Over the period under review, average import prices reached the maximum at $X per litre in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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