Report Update Nov 1, 2024

Uruguay - Sparkling Wine - 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

Uruguay: Sparkling Wine Market 2024

Sparkling Wine Exports

Exports from Uruguay

In 2022, approx. X litres of sparkling wine were exported from Uruguay; increasing by 34% against the previous year. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 291% against the previous year. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sparkling wine exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 346% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X litres) was the main destination for sparkling wine exports from Uruguay, with a 45% share of total exports. Moreover, sparkling wine exports to Brazil exceeded the volume sent to the second major destination, Japan (X litres), twofold. The United States (X litres) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+31.3% per year) and the United States (+19.0% per year).

In value terms, the largest markets for sparkling wine exported from Uruguay were Brazil ($X), the United States ($X) and Japan ($X), with a combined 81% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +52.6%, recorded the highest growth rate of 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

The average sparkling wine export price stood at $X per litre in 2022, increasing by 4.2% against the previous year. Overall, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2017 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Brazil ($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 the Netherlands (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Uruguay

In 2022, supplies from abroad of sparkling wine increased by 22% to X litres, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sparkling wine imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X litres) constituted the largest supplier of sparkling wine to Uruguay, accounting for a 69% share of total imports. Moreover, sparkling wine imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X litres), sixfold. Italy (X litres) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-16.7% per year) and Italy (-6.7% per year).

In value terms, Argentina ($X) constituted the largest supplier of sparkling wine to Uruguay, comprising 61% of total imports. The second position in the ranking was held by France ($X), with a 23% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.6% per year) and Spain (-19.8% per year).

Import Prices by Country

In 2022, the average sparkling wine import price amounted to $X per litre, picking up by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in the world?

The countries with the highest volumes of sparkling wine consumption in 2021 were the United States, India and the UK, with a combined 44% share of global consumption.

What are the largest producers of sparkling wine in the world?

Italy constituted the country with the largest volume of sparkling wine production, comprising approx. 29% of total volume. Moreover, sparkling wine production in Italy exceeded the figures recorded by the second-largest producer, France, twofold. The third position in this ranking was occupied by India, with a 14% share.

What are the leading suppliers of sparkling wine to Uruguay?

In value terms, Argentina, France and Spain constituted the largest sparkling wine suppliers to Uruguay, together accounting for 77% of total imports. Italy, the United States, Chile and Panama lagged somewhat behind, together accounting for a further 13%.

What are the leading importers of sparkling wine from Uruguay?

In value terms, France emerged as the key foreign market for sparkling wine exports from Uruguay, comprising 53% of total exports. The second position in the ranking was occupied by Brazil, with a 9.1% share of total exports. It was followed by Free Zones, with an 8% share.

What is the average export price for sparkling wine in Uruguay?

The average sparkling wine export price stood at $8.4 per litre in 2021, picking up by 38% against the previous year.

What is the average import price for sparkling wine in Uruguay?

The average sparkling wine import price stood at $5.2 per litre in 2021, falling by -5.5% against the previous year.

This report provides an in-depth analysis of the sparkling wine market in Uruguay. 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 11021130 - Champagne (important: excluding alcohol duty)
Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
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