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Latin America and the Caribbean - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Sparkling Wine Market Overview 2021

Sparkling Wine Market Size in Latin America and the Caribbean

The Latin American sparkling wine market rose slightly to $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. The level of consumption peaked in 2019 and is expected to retain growth in the immediate term.

Sparkling Wine Production in Latin America and the Caribbean

In value terms, sparkling wine production expanded to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of production peaked in 2019 and is expected to retain growth in the near future.

Production By Country in Latin America and the Caribbean

The country with the largest volume of sparkling wine production was Argentina (X litres), comprising approx. X% of total volume. Moreover, sparkling wine production in Argentina exceeded the figures recorded by the second-largest producer, Chile (X litres), twofold.

In Argentina, sparkling wine production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Panama (+X% per year).

Sparkling Wine Exports

Exports in Latin America and the Caribbean

In 2019, sparkling wine exports in Latin America and the Caribbean stood at X litres, approximately mirroring the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X litres in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, sparkling wine exports shrank slightly to $X in 2019. Total exports indicated a notable expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of export peaked at $X in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

Exports by Country

The biggest shipments were from Chile (X litres), Argentina (X litres) and Panama (X litres), together finishing at X% of total export. It was distantly followed by Brazil (X litres), making up a X% share of total exports.

From 2007 to 2019, the biggest increases were in Brazil, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sparkling wine supplying countries in Latin America and the Caribbean were Chile ($X), Argentina ($X) and Panama ($X), with a combined X% share of total exports. Brazil lagged somewhat behind, accounting for a further X terms of the main exporting countries, Brazil recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the sparkling wine export price in Latin America and the Caribbean amounted to $X per litre, waning by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per litre in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Argentina ($X per litre), while Brazil ($X per litre) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced mixed trends in the export price figures.

Sparkling Wine Imports

Imports in Latin America and the Caribbean

In 2019, after three years of growth, there was decline in overseas purchases of sparkling wine, when their volume decreased by -X% to X litres. Total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X litres in 2018, and then contracted slightly in the following year.

In value terms, sparkling wine imports contracted modestly to $X in 2019. Total imports indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then contracted in the following year.

Imports by Country

Mexico (X litres) and Brazil (X litres) represented the main importers of sparkling wine in 2019, accounting for near X% and X% of total imports, respectively. The Dominican Republic (X litres) occupied an X% share (based on tonnes) of total imports, which put it in second place, followed by Colombia (X%), Panama (X%), Peru (X%) and Chile (X%). Ecuador (X litres), Aruba (X litres), Jamaica (X litres), Paraguay (X litres) and Cuba (X litres) took a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Aruba, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Panama ($X) were the countries with the highest levels of imports in 2019, with a combined X% share of total imports.

In terms of the main importing countries, Panama 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 sparkling wine import price in Latin America and the Caribbean stood at $X per litre in 2019, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per litre. From 2009 to 2019, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per litre), while Aruba ($X per litre) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Panama, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in LatAmerica and the Caribbean?
+
The country with the largest volume of sparkling wine consumption was Argentina (105M litres), accounting for 56% of total volume. Moreover, sparkling wine consumption in Argentina exceeded the figures recorded by the second-largest consumer, Chile (46M litres), twofold. The third position in this ranking was occupied by Panama (8.6M litres), with a 4.6% share.
What are the largest producers of sparkling wine in LatAmerica and the Caribbean?
+
Argentina (108M litres) constituted the country with the largest volume of sparkling wine production, comprising approx. 65% of total volume. Moreover, sparkling wine production in Argentina exceeded the figures recorded by the second-largest producer, Chile (49M litres), twofold.
What are the leading exporters of sparkling wine in LatAmerica and the Caribbean?
+
In value terms, Chile ($19M), Argentina ($15M) and Panama ($11M) were the countries with the highest levels of exports in 2019, together comprising 94% of total exports. Brazil lagged somewhat behind, comprising a further 4.4%.
What are the leading importers of sparkling wine in LatAmerica and the Caribbean?
+
In value terms, Mexico ($45M), Brazil ($28M) and Panama ($26M) were the countries with the highest levels of imports in 2019, with a combined 55% share of total imports.
What is the average export price for sparkling wine in LatAmerica and the Caribbean?
+
The sparkling wine export price in Latin America and the Caribbean stood at $4.2 per litre in 2019, which is down by -5.9% against the previous year.
What is the average import price for sparkling wine in LatAmerica and the Caribbean?
+
In 2019, the sparkling wine import price in Latin America and the Caribbean amounted to $5.7 per litre, approximately mirroring the previous year.

Product coverage:
• Prodcom 11021130 - Champagne (important: excluding alcohol duty)
• Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

This report provides an in-depth analysis of the sparkling wine market in Latin America and the Caribbean. 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 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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