Latin America and the Caribbean: Grape Must Market 2024

Grape Must Market Size in Latin America and the Caribbean

The Latin American grape must market declined slightly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Grape Must Production in Latin America and the Caribbean

In value terms, grape must production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Grape Must Exports

Exports in Latin America and the Caribbean

After seven years of decline, shipments abroad of grape must increased by X% to X litres in 2022. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at X litres in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grape must exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X litres) was the major exporter of grape must, making up X% of total exports. It was distantly followed by Chile (X litres), Panama (X litres) and Brazil (X litres), together making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest grape must supplying countries in Latin America and the Caribbean were Argentina ($X), Chile ($X) and Panama ($X), with a combined X% share of total exports. Brazil lagged somewhat behind, accounting for a further X%.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per litre, surging by X% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Chile ($X per litre) and Panama ($X per litre), while Argentina ($X per litre) and Brazil ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Grape Must Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of grape must increased by X% to X litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, grape must imports fell to $X in 2022. Overall, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Venezuela (X litres) and Grenada (X litres) represented the main importers of grape must in 2022, accounting for near X% and X% of total imports, respectively. Cuba (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Guatemala (X%) and Panama (X%). Curacao (X litres), Paraguay (X litres), Bahamas (X litres), Honduras (X litres), the Dominican Republic (X litres) and Trinidad and Tobago (X litres) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Curacao (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Grenada ($X) and Cuba ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Colombia, Panama, Curacao, Paraguay, Guatemala, Honduras, Bahamas, Trinidad and Tobago and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Curacao, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Latin America and the Caribbean stood at $X per litre in 2022, dropping by X% against the previous year. Import price indicated a slight expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained 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 Panama ($X per litre), while the Dominican Republic ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform