Eastern Asia: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Eastern Asia

The East Asian wine of fresh grapes market totaled $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in Eastern Asia

In value terms, wine of fresh grapes production stood at $X in 2023 estimated in export price. The total production indicated a modest expansion 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in Eastern Asia

In 2023, exports of wine of fresh grapes (except sparkling wine) in Eastern Asia reached X litres, picking up by X% on 2022 figures. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports soared to $X in 2023. In general, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR represented the key exporting country with an export of around X litres, which reached X% of total exports. It was distantly followed by China (X litres), generating a X% share of total exports. Macao SAR (X litres) and Japan (X litres) took a little share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. China experienced a relatively flat trend pattern. By contrast, Macao SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Macao SAR increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest wine of fresh grapes supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Macao SAR, with a X% share.

In Hong Kong SAR, wine of fresh grapes exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: China (X% per year) and Macao SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per litre in 2023, growing by X% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per litre in 2016; however, from 2017 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 Macao SAR ($X per litre), while China ($X per litre) was amongst the lowest.

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

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in Eastern Asia

In 2023, overseas purchases of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the sixth consecutive year after three years of growth. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X litres in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, wine of fresh grapes imports declined to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X litres) and Japan (X litres) represented roughly X% of total imports in 2023. South Korea (X litres) ranks next in terms of the total imports with a X% share, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X litres) and Macao SAR (X litres) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wine of fresh grapes importing markets in Eastern Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. South Korea, Macao SAR and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, South Korea, 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

In 2023, the import price in Eastern Asia amounted to $X per litre, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Macao SAR ($X per litre), while China ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform