U.S. - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in the United States - 2023
Contents:
- Sparkling Wine Price in the United States (CIF) - 2023
- Sparkling Wine Price in the United States (FOB) - 2023
- Sparkling Wine Imports in the United States
- Sparkling Wine Exports in the United States
Sparkling Wine Price in the United States (CIF) - 2023
In August 2023, the average sparkling wine import price amounted to $10.9 per litre, increasing by 8.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in January 2023 when the average import price increased by 35% against the previous month. The import price peaked at $12.3 per litre in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($26.8 per litre), while the price for Spain ($5.6 per litre) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Sparkling Wine Price in the United States (FOB) - 2023
In August 2023, the average sparkling wine export price amounted to $4.2 per litre, reducing by -50.9% against the previous month. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in January 2023 an increase of 49% m-o-m. As a result, the export price reached the peak level of $12.5 per litre. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Canada ($12.0 per litre), while the average price for exports to Denmark ($2.9 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 Hong Kong SAR (+0.3%), while the prices for the other major destinations experienced a decline.
Sparkling Wine Imports in the United States
In 2022, sparkling wine imports into the United States stood at 412M litres, with an increase of 4.6% compared with the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% 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 +43.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, sparkling wine imports expanded markedly to $3.9B in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Sparkling Wine in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 799 | 705 | 1,090 | 1,147 | 12.8% |
| Italy | 505 | 451 | 601 | 666 | 9.7% |
| Spain | 103 | 82.5 | 122 | 112 | 2.8% |
| Others | 1,453 | 1,274 | 1,864 | 1,982 | 10.9% |
| Total | 2,860 | 2,513 | 3,677 | 3,907 | 11.0% |
Top Suppliers of Sparkling Wine to the United States in 2022:
- Italy (125.3M litres)
- France (50.9M litres)
- Spain (24.7M litres)
Sparkling Wine Exports in the United States
For the third consecutive year, the United States recorded decline in shipments abroad of sparkling wine, which decreased by -13.2% to 6.7M litres in 2022. In general, exports showed a abrupt downturn. The smallest decline of -4.5% was in 2020. Over the period under review, the exports attained the maximum at 9.2M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, sparkling wine exports contracted significantly to $65M in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1.3% against the previous year. As a result, the exports reached the peak of $112M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sparkling Wine in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.7 | 9.4 | 14.3 | 10.7 | -2.9% |
| Panama | 17.2 | 22.9 | 1.5 | 2.4 | -48.1% |
| Netherlands | 4.3 | 6.2 | 3.8 | 2.0 | -22.5% |
| United Kingdom | 1.6 | 1.6 | 1.8 | 2.0 | 7.7% |
| Mexico | 0.9 | 1.1 | 1.5 | 1.7 | 23.6% |
| Japan | 5.5 | 2.7 | 2.4 | 1.7 | -32.4% |
| Hong Kong SAR | 3.2 | 4.5 | 4.8 | 1.4 | -24.1% |
| United Arab Emirates | 0.3 | 0.2 | 0.1 | 0.9 | 44.2% |
| South Korea | 0.3 | 0.3 | 0.3 | 0.9 | 44.2% |
| Australia | 0.1 | 0.1 | N/A | 0.8 | 100.0% |
| China | 0.9 | 0.4 | 0.6 | 0.8 | -3.9% |
| Vietnam | 1.4 | 0.5 | N/A | 0.6 | -24.6% |
| Barbados | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Others | 63.0 | 61.9 | 49.6 | 39.1 | -14.7% |
| Total | 110 | 112 | 80.8 | 65.4 | -15.9% |
Top Export Markets for Sparkling Wine from the United States in 2022:
- Canada (844.9K litres)
- United Kingdom (265.7K litres)
- Mexico (244.9K litres)
- Panama (219.4K litres)
- Netherlands (167.4K litres)
- Hong Kong SAR (134.6K litres)
- South Korea (105.4K litres)
- Japan (105.0K litres)
- United Arab Emirates (94.1K litres)
- Barbados (89.5K litres)
- China (88.3K litres)
- Australia (81.4K litres)
- Vietnam (79.5K litres)
This report provides an in-depth analysis of the sparkling wine 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 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol 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
-
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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The average sparkling wine import price stood at $10 per litre in June 2022, rising by 3.8% against the previous month
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