Uruguay: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Uruguay

The Uruguayan grape wine spirits market rose significantly to $X in 2022, surging by 6.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Grape Wine Spirits Production in Uruguay

In value terms, grape wine spirits production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Grape wine spirits production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Grape Wine Spirits Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in shipments abroad of spirits obtained from distilled grape wine or grape marc, when their volume decreased by -82.1% to X litres. Overall, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 48%. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, grape wine spirits exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 192%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X litres) was the main destination for grape wine spirits exports from Uruguay, with a 94% share of total exports. It was followed by Japan (X litres), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and New Zealand (0.0% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for spirits obtained from distilled grape wine or grape marc exports from Uruguay, comprising 97% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (0.0% per year) and Japan (0.0% per year).

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, with an increase of 197% against the previous year. In general, the export price showed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per litre), while the average price for exports to Japan ($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 China (+10.3%), while the prices for the other major destinations experienced a decline.

Grape Wine Spirits Imports

Imports into Uruguay

In 2022, the amount of spirits obtained from distilled grape wine or grape marc imported into Uruguay contracted rapidly to X litres, declining by -65.8% on 2021 figures. Over the period under review, imports saw a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 338% against the previous year. As a result, imports attained the peak of X litres, and then dropped markedly in the following year.

In value terms, grape wine spirits imports shrank sharply to $X in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 196% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

France (X litres), Peru (X litres) and Chile (X litres) were the main suppliers of grape wine spirits imports to Uruguay, with a combined 75% share of total imports. Italy, Spain, Free Zones and Argentina lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Free Zones (with a CAGR of +245.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Uruguay, comprising 61% of total imports. The second position in the ranking was taken by Peru ($X), with a 15% share of total imports. It was followed by Chile, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+74.0% per year) and Chile (+5.2% per year).

Import Prices by Country

In 2022, the average grape wine spirits import price amounted to $X per litre, increasing by 138% against the previous year. Over the period under review, the import price showed a prominent expansion. 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 ($X per litre), while the price for Argentina ($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 (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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