Report Update Nov 1, 2024

Venezuela - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Sparkling Wine Market 2024

Sparkling Wine Exports

Exports from Venezuela

In 2022, exports of sparkling wine from Venezuela soared to X litres, jumping by 51% compared with the previous year. Overall, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 2,045% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sparkling wine exports shrank sharply to $X in 2022. In general, exports, however, recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 2,289%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X litres) was the main destination for sparkling wine exports from Venezuela, with a 60% share of total exports. Moreover, sparkling wine exports to the Dominican Republic exceeded the volume sent to the second major destination, Chile (X litres), fourfold. South Africa (X litres) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic totaled -17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+10.1% per year) and South Africa (0.0% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for sparkling wine exports from Venezuela, comprising 69% of total exports. The second position in the ranking was held by Chile ($X), with a 19% share of total exports. It was followed by Canada, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic stood at -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+15.7% per year) and Canada (0.0% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, reducing by -45.9% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 988%. As a result, the export price attained the peak level of $X per litre. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per litre), while the average price for exports to South Africa ($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 Chile (+5.1%).

Sparkling Wine Imports

Imports into Venezuela

After four years of growth, purchases abroad of sparkling wine decreased by -19.5% to X litres in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 285% against the previous year. Over the period under review, imports attained the maximum at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sparkling wine imports dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 224% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X litres), Italy (X litres) and Panama (X litres) were the main suppliers of sparkling wine imports to Venezuela, together accounting for 43% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +14.5%), while imports for the other leaders experienced a decline.

In value terms, the largest sparkling wine suppliers to Venezuela were Spain ($X), Italy ($X) and Panama ($X), together accounting for 44% of total imports.

Among the main suppliers, Panama, with a CAGR of +1.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2022, surging by 5.3% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 32%. Over the period under review, average import prices hit record highs at $X per litre in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.9%), while the prices for the other major suppliers experienced a decline.

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, together accounting for 44% 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 Venezuela?

In value terms, Spain constituted the largest supplier of sparkling wine to Venezuela, comprising 51% of total imports. The second position in the ranking was occupied by France, with a 14% share of total imports. It was followed by Chile, with a 6.8% share.

What are the leading importers of sparkling wine from Venezuela?

In value terms, the Dominican Republic remains the key foreign market for sparkling wine exports from Venezuela, comprising 77% of total exports. The second position in the ranking was occupied by Chile, with a 23% share of total exports.

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

The average sparkling wine export price stood at $1.9 per litre in 2021, waning by -20.1% against the previous year.

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

In 2021, the average sparkling wine import price amounted to $4.8 per litre, rising by 3.5% against the previous year.

This report provides an in-depth analysis of the sparkling wine market in Venezuela. 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:

Venezuela

Data coverage:

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