Southern Asia: Wine Market 2024

Wine Market Size in Southern Asia

The South Asian wine market amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wine Production in Southern Asia

In value terms, wine production reached $X in 2022 estimated in export price. The total production indicated a measured 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 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wine Exports

Exports in Southern Asia

In 2022, shipments abroad of wine and grape must was finally on the rise to reach X litres for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports surged to $X in 2022. Total exports indicated a measured 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. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X litres) and Sri Lanka (X litres) prevails in exports structure, together constituting X% of total exports. The following exporters - Nepal (X litres), Maldives (X litres) and Pakistan (X litres) - together made up X% of total exports.

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

In value terms, India ($X), Sri Lanka ($X) and Nepal ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Pakistan and Maldives lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Maldives, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per litre, growing by X% against the previous year. Over the period under review, the export price saw a prominent expansion. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain 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 India ($X per litre), while Maldives ($X per litre) was amongst the lowest.

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

Wine Imports

Imports in Southern Asia

In 2022, purchases abroad of wine and grape must increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wine imports soared to $X in 2022. Total imports indicated perceptible 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

India was the major importing country with an import of about X litres, which amounted to X% of total imports. Maldives (X litres) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%). The following importers - Nepal (X litres) and Bhutan (X litres) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wine imports into India stood at X%. At the same time, Maldives (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Bhutan (X%) and Nepal (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Maldives (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bhutan (X p.p.), Sri Lanka (X p.p.) and Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported wine and grape must in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Maldives ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per litre, with an increase of X% against the previous year. Overall, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per litre), while Bhutan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform