U.S.: Market for Wine, Brandy, And Brandy Spirits 2024

Market Size for Wine, Brandy, And Brandy Spirits in the U.S.

After nine years of growth, the U.S. wine and brandy spirit market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Wine and brandy spirit consumption peaked at $X in 2021, and then reduced in the following year.

Production of Wine, Brandy, And Brandy Spirits in the U.S.

In value terms, wine and brandy spirit production reduced to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then fell slightly in the following year.

Exports of Wine, Brandy, And Brandy Spirits

Exports from the U.S.

In 2022, wine and brandy spirit exports from the United States dropped to X litres, reducing by X% compared with the previous year's figure. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X litres. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, wine and brandy spirit exports rose modestly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X litres), Canada (X litres) and France (X litres) were the main destinations of wine and brandy spirit exports from the United States, together comprising X% of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for wine, brandy, and brandy spirits exports from the United States, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average wine and brandy spirit export price amounted to $X per litre, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, the export price reached 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 Hong Kong SAR ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine, Brandy, And Brandy Spirits

Imports into the U.S.

In 2022, purchases abroad of wine, brandy, and brandy spirits decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres, and then dropped in the following year.

In value terms, wine and brandy spirit imports expanded to $X in 2022. In general, total imports indicated strong growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X litres), France (X litres) and Canada (X litres) were the main suppliers of wine and brandy spirit imports to the United States, together comprising X% of total imports.

From 2013 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and New Zealand ($X) were the largest wine and brandy spirit suppliers to the United States, with a combined X% share of total imports. Spain, Australia, Argentina, Chile and Canada lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Canada, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average wine and brandy spirit import price amounted to $X per litre, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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