Canada - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in Canada - 2023
Contents:
- Sparkling Wine Price in Canada (CIF) - 2023
- Sparkling Wine Price in Canada (FOB) - 2022
- Sparkling Wine Imports in Canada
- Sparkling Wine Exports in Canada
Sparkling Wine Price in Canada (CIF) - 2023
The average sparkling wine import price stood at $10.3 per litre in June 2023, falling by -5.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 33% month-to-month. As a result, import price attained the peak level of $12.5 per litre. From May 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($26.7 per litre), while the price for Australia ($4.2 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Hungary (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sparkling Wine Price in Canada (FOB) - 2022
The average sparkling wine export price stood at $8 per litre in 2022, surging by 13% against the previous year. In general, the export price, however, saw a slight setback. The pace of growth was the most pronounced in 2018 an increase of 27%. The export price peaked at $9.9 per litre in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($39 per litre), while the average price for exports to China ($6.8 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sparkling Wine Imports in Canada
In 2022, the amount of sparkling wine imported into Canada dropped notably to 24M litres, declining by -44.5% compared with 2021. Over the period under review, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 42M litres, and then dropped remarkably in the following year.
In value terms, sparkling wine imports dropped markedly to $249M in 2022. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of $463M, and then fell notably in the following year.
| Import of Sparkling Wine in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 78.7 | 72.1 | 116 | 123 | 16.0% |
| Italy | 56.7 | 55.4 | 73.5 | 82.6 | 13.4% |
| Spain | 13.5 | 13.3 | 15.9 | 16.6 | 7.1% |
| United States | 7.5 | 6.4 | 8.6 | 8.2 | 3.0% |
| Germany | 5.6 | 5.3 | 7.1 | 7.0 | 7.7% |
| Australia | 3.7 | 3.7 | 4.0 | 4.3 | 5.1% |
| Hungary | 2.1 | 2.0 | 1.6 | 2.3 | 3.1% |
| Others | 176 | 166 | 235 | 5.3 | -68.9% |
| Total | 344 | 324 | 463 | 249 | -10.2% |
Top Suppliers of Sparkling Wine to Canada in 2022:
- Italy (11.7M litres)
- France (5.0M litres)
- Spain (2.8M litres)
- Germany (1.2M litres)
- Australia (0.9M litres)
- United States (0.6M litres)
- Hungary (0.5M litres)
Sparkling Wine Exports in Canada
For the third consecutive year, Canada recorded decline in shipments abroad of sparkling wine, which decreased by -51.3% to 186K litres in 2022. Overall, exports recorded a sharp contraction. The smallest decline of -29.1% was in 2020. Over the period under review, the exports hit record highs at 967K litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, sparkling wine exports declined notably to $1.5M in 2022. Over the period under review, exports faced a significant curtailment. The smallest decline of -27.3% was in 2020. Over the period under review, the exports reached the maximum at $6.9M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Sparkling Wine in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,034 | 1,909 | 846 | 989 | -21.4% |
| United Kingdom | 66.8 | 20.8 | 128 | 200 | 44.1% |
| United States | 22.2 | 38.1 | 125 | 174 | 98.6% |
| South Korea | 103 | 4.4 | 21.3 | 36.3 | -29.4% |
| Taiwan (Chinese) | 190 | 183 | 30.2 | 23.7 | -50.0% |
| Hong Kong SAR | 785 | 58.1 | 57.6 | 2.2 | -85.9% |
| Others | 3,681 | 2,792 | 1,510 | 70.6 | -73.2% |
| Total | 6,882 | 5,005 | 2,718 | 1,495 | -39.9% |
Top Export Markets for Sparkling Wine from Canada in 2022:
- China (145.1K litres)
- United Kingdom (22.8K litres)
- United States (4.4K litres)
- South Korea (2.9K litres)
- Taiwan (Chinese) (2.8K litres)
- Hong Kong SAR (0.3K litres)
This report provides an in-depth analysis of the sparkling wine market in Canada. 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 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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Imports of Sparkling Wine reached a high of 3.2 million litres in October 2022. However, from November 2022 to September 2023, imports struggled to regain momentum. In terms of value, sparkling wine imports surged to $24 million in September 2023.
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In February 2023, the wine price stood at $4.8 per litre (CIF, Canada), shrinking by -7.6% against the previous month.
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The global wine market is expected to reach $165 billion in 2030, growing with a CAGR of +4.5% from 2022 to 2030.
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The global wine market revenue amounted to $130.3B in 2018, going down by -3.3% against the previous year. This...
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The value of total imports on the global wine market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, wine imports reached X million liters in 2015, X million liters
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From 2007 to 2015, global exports on the wine market increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X million liters in 2015, which figure remained relatively stable over the last four years.
