MENA: Grape Must Market 2024

Grape Must Market Size in MENA

In 2023, after three years of growth, there was decline in the MENA's grape must market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Grape Must Production in MENA

In value terms, grape must production reduced slightly to $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Grape Must Exports

Exports in MENA

In 2023, the amount of grape must exported in MENA surged to X litres, growing by X% on the year before. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X litres in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, grape must exports dropped slightly to $X in 2023. Overall, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Israel (X litres) and the United Arab Emirates (X litres), together recording X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, Israel ($X) remains the largest grape must supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Israel, grape must exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per litre, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per litre in 2022, and then declined significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per litre), while the United Arab Emirates totaled $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Grape Must Imports

Imports in MENA

In 2023, overseas purchases of grape must decreased by X% to X litres, falling for the third consecutive year after nine years of growth. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X litres in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, grape must imports declined sharply to $X in 2023. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Algeria represented the largest importing country with an import of about X litres, which accounted for X% of total imports. Israel (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). Oman (X litres) held a relatively small share of total imports.

Algeria was also the fastest-growing in terms of the grape must imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), Oman (X%) and Israel (X%) displayed positive paces of growth. While the share of Algeria (X p.p.), Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.) displayed negative dynamics.

In value terms, the largest grape must importing markets in MENA were Algeria ($X), Israel ($X) and Turkey ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2023, the import price in MENA amounted to $X per litre, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per litre in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per litre), while Algeria ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform