Report Update Nov 1, 2024

Venezuela - Spirits Obtained From Distilled Grape Wine or Grape Marc - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Venezuela

In 2022, the Venezuelan grape wine spirits market decreased by -32.7% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a precipitous shrinkage. Grape wine spirits consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Grape Wine Spirits Exports

Export Prices by Country

The average grape wine spirits export price stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 56%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Iceland.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.1% per year.

Grape Wine Spirits Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in overseas purchases of spirits obtained from distilled grape wine or grape marc, when their volume decreased by -33.8% to X litres. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 183% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, grape wine spirits imports declined rapidly to $X in 2022. In general, imports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 202% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Suriname (X litres) constituted the largest supplier of grape wine spirits to Venezuela, with a 69% share of total imports. Moreover, grape wine spirits imports from Suriname exceeded the figures recorded by the second-largest supplier, Italy (X litres), tenfold. The third position in this ranking was held by Spain (X litres), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Suriname stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-22.3% per year) and Spain (-47.5% per year).

In value terms, Suriname ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Venezuela, comprising 75% of total imports. The second position in the ranking was taken by Italy ($X), with a 4% share of total imports. It was followed by the UK, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Suriname stood at +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.3% per year) and the UK (-28.5% per year).

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, increasing by 3.9% against the previous year. In general, the import price saw resilient growth. The pace of growth was the most pronounced in 2016 an increase of 93% against the previous year. The import price peaked at $X per litre in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Trinidad and Tobago ($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 (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spirits obtained from distilled grape wine or grape marc in the world?

The United States remains the largest grape wine spirits consuming country worldwide, comprising approx. 56% of total volume. Moreover, grape wine spirits consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by India, with a 4.3% share.

What are the largest producers of spirits obtained from distilled grape wine or grape marc in the world?

The United States remains the largest grape wine spirits producing country worldwide, accounting for 55% of total volume. Moreover, grape wine spirits production in the United States exceeded the figures recorded by the second-largest producer, China, sixfold. The third position in this ranking was occupied by France, with a 6.8% share.

What are the leading suppliers of spirits obtained from distilled grape wine or grape marc to Venezuela?

In value terms, Suriname constituted the largest supplier of grape wine spirits to Venezuela, comprising 42% of total imports. The second position in the ranking was occupied by the UK, with a 15% share of total imports. It was followed by the United States, with a 12% share.

What are the leading importers of spirits obtained from distilled grape wine or grape marc from Venezuela?

In value terms, the United States remains the key foreign market for grape wine spirits exports from Venezuela.

What is the average export price for spirits obtained from distilled grape wine or grape marc in Venezuela?

The average grape wine spirits export price stood at $12 per litre in 2020, leveling off at the previous year.

What is the average import price for spirits obtained from distilled grape wine or grape marc in Venezuela?

The average grape wine spirits import price stood at $8.9 per litre in 2021, which is down by -4.9% against the previous year.

This report provides an in-depth analysis of the grape wine spirits 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 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol 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