U.S. - Spirits Obtained From Distilled Grape Wine Or Grape Marc - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrape Wine Spirits Price in the United States - 2023
Contents:
- Grape Wine Spirits Price in the United States (CIF) - 2023
- Grape Wine Spirits Price in the United States (FOB) - 2023
- Grape Wine Spirits Imports in the United States
- Grape Wine Spirits Exports in the United States
Grape Wine Spirits Price in the United States (CIF) - 2023
In July 2023, the average grape wine spirits import price amounted to $34.3 per litre, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 9.1% month-to-month. As a result, import price reached the peak level of $36.0 per litre. From March 2023 to July 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for France.
From July 2022 to July 2023, the rate of growth in terms of prices for France amounted to +0.4% per month.
Grape Wine Spirits Price in the United States (FOB) - 2023
The average grape wine spirits export price stood at $19.8 per litre in August 2023, shrinking by -62.2% against the previous month. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 176% month-to-month. Over the period under review, the average export prices hit record highs at $91.1 per litre in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was China ($126 per litre), while the average price for exports to the UK ($6.3 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.
Grape Wine Spirits Imports in the United States
In 2022, the amount of spirits obtained from distilled grape wine or grape marc imported into the United States rose modestly to 72M litres, with an increase of 4.1% against the previous year. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, grape wine spirits imports expanded sharply to $2.2B in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Grape Wine Spirits in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.8 | 1.6 | 2.0 | 2.2 | 6.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | 1.7 | 2.0 | 2.2 | 5.0% |
Top Suppliers of Grape Wine Spirits to the United States in 2022:
- France (70.0M litres)
Grape Wine Spirits Exports in the United States
Grape wine spirits exports from the United States soared to 3.7M litres in 2022, rising by 45% compared with the previous year's figure. Overall, exports, however, recorded a significant contraction. Over the period under review, the exports hit record highs at 14M litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, grape wine spirits exports surged to $143M in 2022. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, the exports reached the peak of $286M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Grape Wine Spirits in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 101 | 181 | 11.8 | 50.0 | -20.9% |
| United Arab Emirates | 0.4 | 0.2 | 56.8 | 48.1 | 393.6% |
| Netherlands | 46.2 | 77.4 | 4.7 | 12.8 | -34.8% |
| Singapore | 3.2 | 4.0 | 9.1 | 10.0 | 46.2% |
| United Kingdom | 1.2 | 4.9 | 3.8 | 3.4 | 41.5% |
| Thailand | N/A | 0.7 | 0.1 | 2.5 | 89.0% |
| Mexico | 0.1 | 0.8 | 0.3 | 2.0 | 171.4% |
| Canada | 1.2 | 1.3 | 1.3 | 1.3 | 2.7% |
| Vietnam | 27.2 | 4.1 | 0.1 | N/A | -93.9% |
| Others | 7.6 | 11.6 | 10.0 | 12.9 | 19.3% |
| Total | 188 | 286 | 97.8 | 143 | -8.7% |
Top Export Markets for Grape Wine Spirits from the United States in 2022:
- Panama (1301.7K litres)
- United Arab Emirates (444.4K litres)
- United Kingdom (434.8K litres)
- Mexico (335.0K litres)
- Thailand (219.8K litres)
- Netherlands (193.3K litres)
- Singapore (89.2K litres)
- Canada (81.5K litres)
- Vietnam (0.4K litres)
This report provides an in-depth analysis of the grape wine spirits market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11011020 - Spirits obtained from distilled grape wine or grape marc (important: excluding alcohol duty)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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