New Zealand: Sparkling Wine Market 2024

Sparkling Wine Market Size in New Zealand

The New Zealand sparkling wine market contracted to $X in 2022, declining by X% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Sparkling wine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Sparkling Wine Production in New Zealand

In value terms, sparkling wine production expanded to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Sparkling Wine Exports

Exports from New Zealand

In 2022, approx. X litres of sparkling wine were exported from New Zealand; picking up by X% against the year before. In general, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sparkling wine exports skyrocketed to $X in 2022. Over the period under review, exports posted a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X litres) was the main destination for sparkling wine exports from New Zealand, accounting for a X% share of total exports. Moreover, sparkling wine exports to Australia exceeded the volume sent to the second major destination, the United States (X litres), threefold. The third position in this ranking was taken by the UK (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, Australia ($X) remains the key foreign market for sparkling wine exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, declining by X% against the previous year. Overall, export price indicated buoyant 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, sparkling wine export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per litre in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into New Zealand

Sparkling wine imports into New Zealand dropped rapidly to X litres in 2022, falling by X% on the previous year. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X litres, and then dropped notably in the following year.

In value terms, sparkling wine imports contracted remarkably to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Australia (X litres), France (X litres) and Italy (X litres) were the main suppliers of sparkling wine imports to New Zealand, with a combined X% share of total imports.

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

In value terms, France ($X) constituted the largest supplier of sparkling wine to New Zealand, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Italy (X% per year).

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2022, dropping by X% against the previous year. In general, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per litre. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for Australia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform