CIS: Market for Wine And Grape Must 2024

Market Size for Wine And Grape Must in CIS

The CIS wine and grape must market totaled $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Production of Wine And Grape Must in CIS

In value terms, wine and grape must production shrank modestly to $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 in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Wine And Grape Must

Exports in CIS

In 2023, shipments abroad of wine and grape must increased by X% to X litres for the first time since 2019, thus ending a three-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X litres. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, wine and grape must exports rose sharply to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Moldova prevails in exports structure, finishing at X litres, which was approx. X% of total exports in 2023. Uzbekistan (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Armenia (X%). Azerbaijan (X litres) and Russia (X litres) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to wine and grape must exports from Moldova stood at X%. At the same time, Russia (X%) and Armenia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Azerbaijan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Armenia (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Moldova saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) remains the largest wine and grape must supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

In Moldova, wine and grape must exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Armenia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per litre in 2023, remaining stable 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 an increase of X%. The level of export peaked at $X per litre in 2022, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Armenia ($X per litre), while Uzbekistan ($X per litre) was amongst the lowest.

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

Imports of Wine And Grape Must

Imports in CIS

In 2023, supplies from abroad of wine and grape must decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X litres in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, wine and grape must imports rose modestly to $X in 2023. Total imports indicated a measured 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% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Russia was the main importing country with an import of about X litres, which finished at X% of total imports. Belarus (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%).

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. While the share of Belarus (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported wine and grape must in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per litre, increasing by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price 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, wine and grape must import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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 Russia ($X per litre), while Belarus ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform