Price for Wine; Still, in Containers Holding More than 2 Litres in Belgium - 2023

Contents:

1. Price for Wine; Still, in Containers Holding More than 2 Litres in Belgium (CIF) - 2023
2. Price for Wine; Still, in Containers Holding More than 2 Litres in Belgium (FOB) - 2023
3. Imports of Wine; Still, in Containers Holding More than 2 Litres in Belgium
4. Exports of Wine; Still, in Containers Holding More than 2 Litres in Belgium

Price for Wine; Still, in Containers Holding More than 2 Litres in Belgium (CIF) - 2023

The average import price for wine; still, in containers holding more than 2 litreses stood at $1.4 per litre in November 2023, declining by -7.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 23% against the previous month. Over the period under review, average import prices reached the maximum at $1.5 per litre in October 2023, and then dropped in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was France ($2.6 per litre), while the price for South Africa ($727 per thousand litres) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wine; Still, in Containers Holding More than 2 Litres in Belgium (FOB) - 2023

The average export price for wine; still, in containers holding more than 2 litreses stood at $1.8 per litre in November 2023, surging by 4.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 25% month-to-month. The export price peaked at $2.0 per litre in May 2023; however, from June 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In November 2023, the countries with the highest prices were the Netherlands ($2.1 per litre) and Luxembourg ($1.8 per litre), while the average price for exports to France ($1.6 per litre) and the UK ($1.8 per litre) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wine; Still, in Containers Holding More than 2 Litres in Belgium

In 2022, after three years of growth, there was decline in overseas purchases of wine; still, in containers holding more than 2 litreses, when their volume decreased by -1.7% to 83M litres. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Imports peaked at 84M litres in 2021, and then dropped slightly in the following year.

In value terms, imports of wine; still, in containers holding more than 2 litreses fell to $104M in 2022. The total import value increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Over the period under review, imports of reached the peak figure at $111M in 2021, and then shrank in the following year.

Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to Belgium in 2022:

1. France (17.3M litres)
2. Germany (14.0M litres)
3. South Africa (12.4M litres)
4. United States (11.4M litres)
5. Spain (10.3M litres)
6. Australia (7.9M litres)
7. Chile (3.8M litres)

Exports of Wine; Still, in Containers Holding More than 2 Litres in Belgium

In 2022, overseas shipments of wine; still, in containers holding more than 2 litreses decreased by -6.7% to 18M litres for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 75%. Over the period under review, the exports of hit record highs at 20M litres in 2021, and then declined in the following year.

In value terms, exports of wine; still, in containers holding more than 2 litreses declined to $24M in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 111%. The exports peaked at $27M in 2021, and then fell in the following year.

Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from Belgium in 2022:

1. France (13.9M litres)
2. Netherlands (2.0M litres)
3. Luxembourg (1.7M litres)
4. United Kingdom (0.1M litres)

Source: IndexBox Market Intelligence Platform