Peru: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Peru

The Peruvian grape wine spirits market declined slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the market value increased by X%. Grape wine spirits consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Grape Wine Spirits Production in Peru

In value terms, grape wine spirits production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Grape Wine Spirits Exports

Exports from Peru

In 2022, overseas shipments of spirits obtained from distilled grape wine or grape marc increased by X% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, grape wine spirits exports soared to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Chile (X litres), the United States (X litres) and Spain (X litres) were the main destinations of grape wine spirits exports from Peru, together accounting for X% of total exports. Belgium, the Netherlands, France, Colombia, the UK and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grape wine spirits exported from Peru were Chile ($X), the United States ($X) and Spain ($X), together accounting for X% of total exports. The Netherlands, Belgium, France, the UK, Colombia and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average grape wine spirits export price stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per litre in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to Chile ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Peru

In 2022, imports of spirits obtained from distilled grape wine or grape marc into Peru surged to X litres, increasing by X% compared with 2021. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grape wine spirits imports shrank slightly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, France (X litres) constituted the largest supplier of grape wine spirits to Peru, with a X% share of total imports. Moreover, grape wine spirits imports from France exceeded the figures recorded by the second-largest supplier, Spain (X litres), sixfold.

From 2012 to 2022, the average annual growth rate of volume from France stood at X%.

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Peru, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%.

Import Prices by Country

The average grape wine spirits import price stood at $X per litre in 2022, reducing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per litre, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Spain amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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