Africa: Sparkling Wine Market 2024

Sparkling Wine Market Size in Africa

The African sparkling wine market contracted to $X in 2023, which is down by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Sparkling Wine Production in Africa

In value terms, sparkling wine production declined to $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Sparkling Wine Exports

Exports in Africa

In 2023, approx. X litres of sparkling wine were exported in Africa; increasing by X% compared with 2022. Overall, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X litres in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, sparkling wine exports reached $X in 2023. In general, exports, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X litres) represented the main exporter of sparkling wine, committing X% of total exports. It was distantly followed by Ghana (X litres), mixing up a X% share of total exports. The following exporters - Angola (X litres) and Swaziland (X litres) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%), Angola (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Ghana (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest sparkling wine supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per litre, reducing by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sparkling wine export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per litre in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per litre), while Angola ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Sparkling Wine Imports

Imports in Africa

After two years of growth, purchases abroad of sparkling wine decreased by X% to X litres in 2023. Overall, imports showed a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, sparkling wine imports dropped to $X in 2023. Total imports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the major importing country with an import of about X litres, which accounted for X% of total imports. Angola (X litres) took the second position in the ranking, followed by Ghana (X litres), South Africa (X litres) and Cote d'Ivoire (X litres). All these countries together took approx. X% share of total imports. Tanzania (X litres), Cameroon (X litres), Morocco (X litres), Mozambique (X litres), Mauritius (X litres), Democratic Republic of the Congo (X litres), Gabon (X litres) and Togo (X litres) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to sparkling wine imports into Nigeria stood at X%. At the same time, Togo (X%), Cameroon (X%), Mozambique (X%), South Africa (X%), Ghana (X%), Cote d'Ivoire (X%), Tanzania (X%), Mauritius (X%), Morocco (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Gabon (X%) and Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Ghana (X p.p.), Cote d'Ivoire (X p.p.), Tanzania (X p.p.), Cameroon (X p.p.), Mozambique (X p.p.), Togo (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and Nigeria saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported sparkling wine in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, sparkling wine imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Africa stood at $X per litre in 2023, picking up by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sparkling wine import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per litre), while Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform