Global Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size

The global grape wine spirits market rose slightly to $X in 2022, growing by 1.7% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 5.6% against the previous year. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Grape Wine Spirits Production

In value terms, grape wine spirits production shrank to $X in 2022 estimated in export price. In general, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 49%. Over the period under review, global production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Grape Wine Spirits Exports

Exports

In 2022, global grape wine spirits exports declined modestly to X litres, reducing by -2.7% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X litres. From 2017 to 2022, the growth of the global exports failed to regain momentum.

In value terms, grape wine spirits exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

France was the largest exporting country with an export of about X litres, which resulted at 38% of total exports. It was distantly followed by Armenia (X litres), Spain (X litres) and Georgia (X litres), together creating a 34% share of total exports. Singapore (X litres), Italy (X litres), Moldova (X litres), Portugal (X litres), Germany (X litres), South Africa (X litres), Australia (X litres) and India (X litres) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of exports of spirits obtained from distilled grape wine or grape marc. At the same time, India (+17.5%), Portugal (+9.2%), Armenia (+8.4%), Georgia (+8.0%) and South Africa (+1.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.5% from 2012-2022. Germany and Australia experienced a relatively flat trend pattern. By contrast, Moldova (-2.3%), Singapore (-3.8%), Spain (-7.5%) and Italy (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Armenia, Georgia and France increased by +10, +3.5 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest grape wine spirits supplier worldwide, comprising 59% of global exports. The second position in the ranking was held by Singapore ($X), with an 18% share of global exports. It was followed by Armenia, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value in France stood at +2.6%. In the other countries, the average annual rates were as follows: Singapore (+3.1% per year) and Armenia (+5.3% per year).

Export Prices by Country

In 2022, the average grape wine spirits export price amounted to $X per litre, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, the average export prices hit record highs at $X per litre in 2021, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Portugal ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.1%), while the other global leaders experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports

In 2022, global grape wine spirits imports declined to X litres, waning by -5.9% against 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports reached the peak of X litres, and then declined in the following year.

In value terms, grape wine spirits imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of grape wine spirits imports in 2022 were Russia (X litres), the Philippines (X litres) and the United States (X litres), together accounting for 46% of total import. China (X litres) ranks next in terms of the total imports with a 6.4% share, followed by France (5.1%) and Ukraine (4.5%). Portugal (X litres), the UK (X litres), Singapore (X litres), Spain (X litres), Germany (X litres), Belarus (X litres) and Canada (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +25.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, with a combined 66% share of global imports. These countries were followed by Russia, the UK, the Philippines, Germany, Canada, France, Ukraine, Belarus, Spain and Portugal, which together accounted for a further 15%.

In terms of the main importing countries, the Philippines, with a CAGR of +27.4%, 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 wine spirits import price stood at $X per litre in 2022, increasing by 5.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 6.3%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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