MERCOSUR: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in MERCOSUR

In 2023, the MERCOSUR wine of fresh grapes market increased by X% to $X, rising for the third year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in MERCOSUR

In value terms, wine of fresh grapes production reached $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in MERCOSUR

In 2023, shipments abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, wine of fresh grapes exports shrank remarkably to $X in 2023. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Chile was the key exporter of wine of fresh grapes (except sparkling wine) in MERCOSUR, with the volume of exports accounting for X litres, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X litres), creating a X% share of total exports.

Chile was also the fastest-growing in terms of the wine of fresh grapes (except sparkling wine) exports, with a CAGR of X% from 2012 to 2023. Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Chile ($X) remains the largest wine of fresh grapes supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Chile totaled X%.

Export Prices by Country

The export price in MERCOSUR stood at $X per litre in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in MERCOSUR

In 2023, purchases abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the second consecutive year after three years of growth. Total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X litres in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, wine of fresh grapes imports shrank slightly to $X in 2023. Total imports indicated a moderate increase 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, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the main importer of wine of fresh grapes (except sparkling wine) in MERCOSUR, with the volume of imports reaching X litres, which was approx. X% of total imports in 2023. Colombia (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Paraguay (X%), Peru (X%) and Ecuador (X%). Venezuela (X litres) and Uruguay (X litres) took a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Ecuador (X%), Peru (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Uruguay experienced a relatively flat trend pattern. By contrast, Paraguay (X%) and Venezuela (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Paraguay (X p.p.) and Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per litre, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per litre in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Peru ($X per litre) and Uruguay ($X per litre), while Venezuela ($X per litre) and Ecuador ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform