Price for Wine; Still, in Containers Holding 2 Litres or Less in the United States - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the United States (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the United States (FOB) - 2023
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in the United States
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in the United States
Price for Wine; Still, in Containers Holding 2 Litres or Less in the United States (CIF) - 2023
In December 2023, the average import price for wine; still, in containers holding 2 litres or lesses amounted to $7.0 per litre, increasing by 3.6% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 9.4% month-to-month. Over the period under review, average import prices hit record highs at $7.6 per litre in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($12.8 per litre), while the price for Australia ($3.1 per litre) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in the United States (FOB) - 2023
In December 2023, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $10.2 per litre, surging by 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was China ($52.7 per litre), while the average price for exports to Denmark ($3.5 per litre) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in the United States
Imports of wine; still, in containers holding 2 litres or lesses into the United States shrank slightly to 734M litres in 2022, therefore, remained relatively stable against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 5.2% against the previous year. As a result, imports reached the peak of 739M litres, leveling off in the following year.
In value terms, imports of wine; still, in containers holding 2 litres or lesses reached $4.9B in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,524 | 1,449 | 1,625 | 1,620 | 2.1% |
| France | 1,397 | 949 | 1,362 | 1,474 | 1.8% |
| New Zealand | 404 | 416 | 468 | 491 | 6.7% |
| Spain | 267 | 225 | 275 | 276 | 1.1% |
| Argentina | 272 | 242 | 246 | 257 | -1.9% |
| Australia | 307 | 268 | 253 | 234 | -8.7% |
| Chile | 163 | 145 | 144 | 142 | -4.5% |
| Others | 396 | 314 | 407 | 423 | 2.2% |
| Total | 4,730 | 4,008 | 4,780 | 4,917 | 1.3% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to the United States in 2022:
- Italy (245.7M litres)
- France (138.9M litres)
- New Zealand (69.1M litres)
- Australia (67.3M litres)
- Argentina (53.0M litres)
- Spain (45.2M litres)
- Chile (41.1M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in the United States
In 2022, the amount of wine; still, in containers holding 2 litres or lesses exported from the United States stood at 147M litres, remaining stable against 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of wine; still, in containers holding 2 litres or lesses expanded modestly to $1.2B in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 387 | 413 | 473 | 470 | 6.7% |
| Japan | 71.6 | 70.5 | 80.2 | 104 | 13.3% |
| South Korea | 20.0 | 40.0 | 70.8 | 81.3 | 59.6% |
| Hong Kong SAR | 125 | 73.3 | 91.5 | 68.1 | -18.3% |
| United Kingdom | 70.2 | 57.7 | 61.3 | 64.4 | -2.8% |
| Denmark | 34.0 | 35.0 | 41.3 | 45.8 | 10.4% |
| Sweden | 19.5 | 17.7 | 23.9 | 31.9 | 17.8% |
| France | 23.5 | 15.3 | 25.8 | 31.2 | 9.9% |
| China | 37.5 | 16.1 | 30.0 | 28.7 | -8.5% |
| Mexico | 17.0 | 14.2 | 21.6 | 24.1 | 12.3% |
| Dominican Republic | 15.5 | 12.0 | 19.5 | 19.5 | 8.0% |
| Philippines | 15.4 | 7.7 | 19.9 | 16.1 | 1.5% |
| Germany | 13.3 | 10.4 | 15.8 | 13.2 | -0.3% |
| Others | 202 | 169 | 214 | 235 | 5.2% |
| Total | 1,050 | 952 | 1,188 | 1,234 | 5.5% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from the United States in 2022:
- Canada (52.8M litres)
- United Kingdom (9.1M litres)
- Japan (8.8M litres)
- South Korea (7.7M litres)
- Hong Kong SAR (5.5M litres)
- France (5.0M litres)
- Denmark (4.9M litres)
- Philippines (4.7M litres)
- China (4.3M litres)
- Dominican Republic (3.9M litres)
- Germany (3.8M litres)
- Mexico (3.2M litres)
- Sweden (3.2M litres)
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