Asia-Pacific: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Asia-Pacific

The Asia-Pacific wine of fresh grapes market amounted to $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Asia-Pacific

In value terms, wine of fresh grapes production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in Asia-Pacific

In 2023, the amount of wine of fresh grapes (except sparkling wine) exported in Asia-Pacific declined modestly to X litres, waning by X% on the previous year. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X litres in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports shrank to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the main exporting country with an export of about X litres, which reached X% of total exports. It was distantly followed by New Zealand (X litres), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to wine of fresh grapes exports from Australia stood at X%. New Zealand experienced a relatively flat trend pattern. From 2012 to 2023, the share of New Zealand increased by X percentage points.

In value terms, the largest wine of fresh grapes supplying countries in Asia-Pacific were Australia ($X) and New Zealand ($X).

Among the main exporting countries, New Zealand, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per litre, remaining stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per litre. From 2018 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per litre), while Australia amounted to $X per litre.

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

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in Asia-Pacific

In 2023, purchases abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the sixth consecutive year after three years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, wine of fresh grapes imports declined slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X litres) and Japan (X litres) represented the major importers of wine of fresh grapes (except sparkling wine) in Asia-Pacific, together reaching near X% of total imports. Australia (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and South Korea (X%). The following importers - New Zealand (X litres), Hong Kong SAR (X litres), Singapore (X litres), Taiwan (Chinese) (X litres), Thailand (X litres) and the Philippines (X litres) - together made up X% of total imports.

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

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Singapore, South Korea, Australia, India, Taiwan (Chinese), New Zealand, Thailand and the Philippines lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the import price in Asia-Pacific amounted to $X per litre, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per litre), while New Zealand ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform