Global Grape Must Market 2024

Grape Must Market Size

After two years of decline, the global grape must market increased by 0.4% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Grape Must Production

In value terms, grape must production reached $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 15%. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Grape Must Exports

Exports

For the third consecutive year, the global market recorded growth in shipments abroad of grape must, which increased by 14% to X litres in 2021. Over the period under review, exports continue to indicate modest growth. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. As a result, the exports reached the peak of X litres. From 2015 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, grape must exports totaled $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Spain was the key exporter of grape must in the world, with the volume of exports finishing at X litres, which was near 59% of total exports in 2021. Italy (X litres) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (5.9%). Uzbekistan (X litres) and Greece (X litres) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to grape must exports from Spain stood at +4.2%. At the same time, Uzbekistan (+55.8%) and Hungary (+33.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the world, with a CAGR of +55.8% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Greece (-8.1%) illustrated a downward trend over the same period. Spain (+14 p.p.), Hungary (+5.4 p.p.) and Uzbekistan (+3.6 p.p.) significantly strengthened its position in terms of the global exports, while Greece saw its share reduced by -2.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Italy ($X) and Hungary ($X) constituted the countries with the highest levels of exports in 2021, with a combined 86% share of global exports. Greece and Uzbekistan lagged somewhat behind, together comprising a further 2.1%.

Among the main exporting countries, Uzbekistan, with a CAGR of +36.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grape must export price amounted to $X per litre, waning by -1.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 21%. The global export price peaked at $X per litre in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per litre), while Uzbekistan ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+5.1%), while the other global leaders experienced more modest paces of growth.

Grape Must Imports

Imports

In 2021, supplies from abroad of grape must was finally on the rise to reach X litres for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grape must imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

In 2021, Italy (X litres) was the main importer of grape must, constituting 35% of total imports. France (X litres) ranks second in terms of the total imports with a 16% share, followed by Germany (8.8%) and Slovakia (5.3%). Portugal (X litres), Panama (X litres), Israel (X litres), Greece (X litres), Nigeria (X litres), Algeria (X litres) and Switzerland (X litres) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to grape must imports into Italy stood at +10.5%. At the same time, Algeria (+65.8%), Nigeria (+57.4%), Israel (+21.4%), Greece (+20.0%), France (+18.7%), Slovakia (+7.6%) and Panama (+1.3%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in the world, with a CAGR of +65.8% from 2012-2021. Switzerland experienced a relatively flat trend pattern. By contrast, Germany (-2.2%) and Portugal (-3.2%) illustrated a downward trend over the same period. Italy (+15 p.p.), France (+11 p.p.), Israel (+2.2 p.p.), Nigeria (+1.9 p.p.), Algeria (+1.8 p.p.) and Greece (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while Portugal and Germany saw its share reduced by -3.3% and -6.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grape must importing markets worldwide were Italy ($X), France ($X) and Germany ($X), together accounting for 44% of global imports. Switzerland, Panama, Portugal, Nigeria, Slovakia, Greece, Israel and Algeria lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Nigeria, with a CAGR of +57.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average grape must import price stood at $X per litre in 2021, waning by -12.1% against the previous year. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2020 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $X per litre in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per litre), while Slovakia ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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