U.S. Wine, Brandy, And Brandy Spirits Market. Analysis And Forecast to 2025
Trade Deficit In U.S. Wine, Brandy, And Brandy Spirits Market Continues Growing
The U.S. is the leader in global imports of wine, brandy, and brandy spirits, accounting for a 17% share (based on USD). It was followed by the UK (12%), Germany (9%), Canada, and China (5% each). In 2015, U.S. wine, brandy, and brandy spirits imports totaled 8.23 billion USD, which was 254 million USD (3%) more than the year before.
From 2007 to 2015, imports of wine, brandy, and brandy spirits in the U.S. showed mixed dynamics. A significant drop in 2009 was followed by recovery growth over the next six years, with an average annual increase of +3.0% throughout the analysed period.
Despite fierce competition, the U.S. continues to be one of the most attractive destinations for overseas suppliers.
France, Italy, and Mexico were the main suppliers of wine, brandy, and brandy spirits into the U.S., with a combined share of 70% of total U.S. imports in 2015. From 2007 to 2015, Mexico increased its imports into the U.S. by +4 percentage points. By contrast, France saw its share in the U.S. import structure reduced by -2%.
From 2007 to 2015, the U.S. was a net importer of wine, brandy, and brandy spirits. Before 2010, net imports of wine, brandy, and brandy spirits in the U.S. showed a positive trend. However, net imports have been demonstrating an upward trend since 2010, with the trade deficit reaching 6.18 billion USD in 2015, at approximately 75% of gross imports.
Source: IndexBox AI Platform
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