Report Update Nov 1, 2024

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

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Venezuela: Wine Market 2024

Wine Market Size in Venezuela

In 2021, the Venezuelan wine market increased by 53% to $X, rising for the third year in a row after four years of decline. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wine Exports

Exports from Venezuela

In 2021, overseas shipments of wine increased by 197% to X litres, rising for the second year in a row after two years of decline. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine exports skyrocketed to $X in 2021. In general, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 318%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X litres) was the main destination for wine exports from Venezuela, accounting for a 95% share of total exports. It was followed by Poland (X litres), with a 2.1% share of total exports. The third position in this ranking was taken by Maldives (X litres), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +209.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Maldives (+327.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for wine exports from Venezuela, comprising 77% of total exports. The second position in the ranking was taken by Maldives ($X), with a 6.3% share of total exports. It was followed by Poland, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+199.2% per year) and Poland (0.0% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2021, falling by -43.4% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 131% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per litre), while the average price for exports to the United States ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+28.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Venezuela

In 2021, overseas purchases of wine increased by 50% to X litres, rising for the third consecutive year after two years of decline. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 120% against the previous year. Imports peaked at X litres in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wine imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 109%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X litres), Argentina (X litres) and Chile (X litres) were the main suppliers of wine imports to Venezuela, together accounting for 65% of total imports. Italy, Portugal, Panama and France lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wine suppliers to Venezuela were Spain ($X), Italy ($X) and Chile ($X), with a combined 61% share of total imports. These countries were followed by Argentina, Panama, France and Portugal, which together accounted for a further 21%.

Panama, with a CAGR of +4.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average wine import price stood at $X per litre in 2021, surging by 2.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. The import price peaked at $X per litre in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wine in the world?

The countries with the highest volumes of in 2021 were the United States, France and Italy, together comprising 39% of global consumption.

What are the largest producers of wine in the world?

The countries with the highest volumes of in 2021 were Italy, France and the United States, together accounting for 46% of global production.

What are the leading suppliers of wine to Venezuela?

In value terms, the largest wine suppliers to Venezuela were Spain, Chile and Argentina, together comprising 76% of total imports.

What is the average export price for wine in Venezuela?

The average wine export price stood at $2.4 per litre in 2021, falling by -58.5% against the previous year.

What is the average import price for wine in Venezuela?

The average wine import price stood at $2.6 per litre in 2021, declining by -1.7% against the previous year.

This report provides an in-depth analysis of the 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:

FCL 564 - Wine

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