Asia: Grape Must Market 2024

Grape Must Market Size in Asia

The Asian grape must market reduced modestly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Grape Must Production in Asia

In value terms, grape must production stood at $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Grape Must Exports

Exports in Asia

Grape must exports shrank markedly to X litres in 2023, waning by X% against the previous year's figure. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X litres in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, grape must exports contracted to $X in 2023. Over the period under review, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then declined in the following year.

Exports by Country

Uzbekistan prevails in exports structure, resulting at X litres, which was approx. X% of total exports in 2023. It was distantly followed by Israel (X litres) and the United Arab Emirates (X litres), together constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to grape must exports from Uzbekistan stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Uzbekistan ($X), Israel ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per litre, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The level of export peaked at $X per litre in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Grape Must Imports

Imports in Asia

In 2023, overseas purchases of grape must decreased by X% to X litres, falling for the third year in a row after two years of growth. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, grape must imports shrank notably to $X in 2023. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Israel represented the main importer of grape must in Asia, with the volume of imports finishing at X litres, which was approx. X% of total imports in 2023. It was distantly followed by Kazakhstan (X litres), Kyrgyzstan (X litres), South Korea (X litres) and Japan (X litres), together constituting a X% share of total imports. Azerbaijan (X litres) and Oman (X litres) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grape must importing markets in Asia were South Korea ($X), Israel ($X) and Japan ($X), with a combined X% share of total imports. Kazakhstan, Kyrgyzstan, Oman and Azerbaijan lagged somewhat behind, together accounting for a further X%.

Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia stood at $X per litre in 2023, rising by X% against the previous year. Overall, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per litre in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform