Uruguay: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Uruguay

The Uruguayan wine of fresh grapes market rose notably to $X in 2022, with an increase of 6.5% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Uruguay

In value terms, wine of fresh grapes production reached $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Uruguay

Wine of fresh grapes exports from Uruguay reduced to X litres in 2022, waning by -7.9% on the year before. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 184% against the previous year. The exports peaked at X litres in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wine of fresh grapes exports declined to $X in 2022. In general, exports recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 74%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X litres) was the main destination for wine of fresh grapes exports from Uruguay, with a 62% share of total exports. Moreover, wine of fresh grapes exports to Brazil exceeded the volume sent to the second major destination, the United States (X litres), sixfold. The third position in this ranking was taken by Russia (X litres), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.3% per year) and Russia (-29.4% per year).

In value terms, Brazil ($X) remains the key foreign market for wine of fresh grapes (except sparkling wine) exports from Uruguay, comprising 54% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by the UK, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.8% per year) and the UK (+7.2% per year).

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, rising by 4.5% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to Russia ($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 Russia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Uruguay

In 2022, overseas purchases of wine of fresh grapes (except sparkling wine) decreased by -9.4% to X litres for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, imports attained the peak of X litres, and then contracted in the following year.

In value terms, wine of fresh grapes imports shrank to $X in 2022. Overall, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Argentina (X litres) constituted the largest supplier of wine of fresh grapes to Uruguay, accounting for a 61% share of total imports. Moreover, wine of fresh grapes imports from Argentina exceeded the figures recorded by the second-largest supplier, Chile (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume from Argentina totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-3.2% per year) and Brazil (+174.9% per year).

In value terms, Argentina ($X) constituted the largest supplier of wine of fresh grapes (except sparkling wine) to Uruguay, comprising 67% of total imports. The second position in the ranking was held by Chile ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Argentina amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-0.3% per year) and Brazil (+117.4% per year).

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, growing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Argentina ($X per litre), while the price for Brazil ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :