South-Eastern Asia: Grape Must Market 2024

Grape Must Market Size in South-Eastern Asia

The Southeast Asian grape must market expanded slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated slight 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Grape Must Production in South-Eastern Asia

In value terms, grape must production amounted to $X in 2022 estimated in export price. The total production indicated a slight 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Grape Must Exports

Exports in South-Eastern Asia

Grape must exports contracted dramatically to X litres in 2022, which is down by X% against the previous year. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, grape must exports reduced sharply to $X in 2022. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X litres) and Singapore (X litres) dominates exports structure, together constituting X% of total exports. It was distantly followed by Malaysia (X litres), committing a X% share of total exports. Vietnam (X litres) took a minor share of total exports.

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

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in South-Eastern Asia stood at $X per litre in 2022, with an increase of X% against the previous year. In general, the export price showed buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Vietnam ($X per litre) was amongst the lowest.

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

Grape Must Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of grape must increased by X% to X litres, rising for the third consecutive year after two years of decline. In general, imports enjoyed resilient growth. Over the period under review, imports attained the maximum at X litres in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, grape must imports soared to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Myanmar (X litres) was the major importer of grape must, creating X% of total imports. Malaysia (X litres) held the second position in the ranking, followed by Vietnam (X litres). All these countries together held approx. X% share of total imports. Cambodia (X litres), the Philippines (X litres) and Singapore (X litres) held a little share of total imports.

Myanmar was also the fastest-growing in terms of the grape must imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, the Philippines (X%) and Cambodia (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), the Philippines (X p.p.) and Cambodia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported grape must in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Myanmar, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per litre in 2022, dropping by X% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per litre. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per litre), while Myanmar ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform