EU: Grape Must Market 2024

Grape Must Market Size in the EU

The EU grape must market expanded significantly to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Grape Must Production in the EU

In value terms, grape must production reached $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Grape Must Exports

Exports in the EU

Grape must exports surged to X litres in 2023, picking up by X% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X litres in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, grape must exports surged to $X in 2023. Total exports 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, exports decreased by X% against 2021 indices. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Spain (X litres) represented the largest exporter of grape must, constituting X% of total exports. Italy (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%) and Hungary (X%).

Exports from Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Hungary (X%) and France (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.), Hungary (X p.p.) and France (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Italy (X p.p.) displayed negative dynamics.

In value terms, the largest grape must supplying countries in the European Union were Spain ($X), Italy ($X) and France ($X), with a combined X% share of total exports. These countries were followed by Hungary, which accounted for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per litre, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per litre in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

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

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

Grape Must Imports

Imports in the EU

In 2023, the amount of grape must imported in the European Union surged to X litres, jumping by X% compared with the previous year's figure. Total imports indicated a notable 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 2021 with an increase of X%. As a result, imports reached the peak of X litres. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, grape must imports soared to $X in 2023. Total imports indicated a buoyant 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

Imports by Country

In 2023, Italy (X litres) was the largest importer of grape must, making up X% of total imports. It was distantly followed by France (X litres), Germany (X litres) and Portugal (X litres), together creating a X% share of total imports. Slovakia (X litres), the Czech Republic (X litres) and Greece (X litres) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to grape must imports into Italy stood at X%. At the same time, the Czech Republic (X%), France (X%) and Greece (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Portugal experienced a relatively flat trend pattern. By contrast, Slovakia (X%) and Germany (X%) illustrated a downward trend over the same period. Italy (X p.p.), France (X p.p.) and the Czech Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia, Portugal and Germany saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grape must importing markets in the European Union were Italy ($X), France ($X) and Germany ($X), together comprising X% of total imports. Portugal, the Czech Republic, Greece and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 the European Union stood at $X per litre in 2023, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per litre; afterwards, it flattened through to 2023.

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 France ($X per litre), while Slovakia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform