Asia-Pacific: Grape Must Market 2024

Grape Must Market Size in Asia-Pacific

In 2022, after two years of decline, there was significant growth in the Asia-Pacific grape must market, when its value increased by X% to $X. Overall, consumption saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Grape Must Production in Asia-Pacific

In value terms, grape must production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Grape Must Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of grape must decreased by X% to X litres in 2022. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, grape must exports shrank to $X in 2022. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X litres) was the largest exporter of grape must, achieving X% of total exports. It was distantly followed by South Korea (X litres) and Hong Kong SAR (X litres), together achieving an X% share of total exports. New Zealand (X litres) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grape must exports from Australia stood at X%. At the same time, South Korea (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Hong Kong SAR (X p.p.) and Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest grape must supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per litre, jumping by X% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per litre), while South Korea ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Grape Must Imports

Imports in Asia-Pacific

In 2022, purchases abroad of grape must was finally on the rise to reach X litres after eight years of decline. In general, imports, however, recorded a abrupt shrinkage. The volume of import peaked at X litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, grape must imports soared to $X in 2022. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X litres) and Myanmar (X litres) dominates imports structure, together achieving X% of total imports. It was distantly followed by Hong Kong SAR (X litres) and Malaysia (X litres), together achieving a X% share of total imports. The following importers - Nepal (X litres), Australia (X litres) and Vietnam (X litres) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Japan ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Myanmar, Vietnam, Nepal and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per litre in 2022, declining by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape must import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per litre, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per litre), while Myanmar ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform