Northern America: Wine Market 2023

Wine Market Size in Northern America

The North American wine market amounted to $X in 2021, picking up by 5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Wine Production in Northern America

In value terms, wine production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Wine Exports

Exports in Northern America

After four years of growth, shipments abroad of wine and grape must decreased by -2.5% to X litres in 2021. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 8.7% against the previous year. Over the period under review, the exports hit record highs at X litres in 2020, and then contracted modestly in the following year.

In value terms, wine exports rose markedly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2016; afterwards, it flattened through to 2021.

Exports by Country

In 2021, the United States (X litres) was the key exporter of wine and grape must, mixing up 65% of total exports. It was distantly followed by Canada (X litres), constituting a 35% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +24.1%).

In value terms, the United States ($X) remains the largest wine supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2021, rising by 16% against the previous year. In general, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 23%. As a result, the export price attained the peak level of $X per litre. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.0%).

Wine Imports

Imports in Northern America

In 2021, supplies from abroad of wine and grape must increased by 9.2% to X litres, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, wine imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importer of wine and grape must in Northern America, with the volume of imports accounting for X litres, which was approx. 77% of total imports in 2021. It was distantly followed by Canada (X litres), achieving a 23% share of total imports.

The United States was also the fastest-growing in terms of the wine and grape must imports, with a CAGR of +2.1% from 2012 to 2021. At the same time, Canada (+1.2%) displayed positive paces of growth. The United States (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -1.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported wine and grape must in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +3.2%.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2021, growing by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 34% against the previous year. Over the period under review, import prices hit record highs at $X per litre in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States stood at $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Source: IndexBox Market Intelligence Platform

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