Turkmenistan - Wine - Market Analysis, Forecast, Size, Trends and Insights

Turkmenistan: Wine Market Overview 2019

Wine Market Size in Turkmenistan

The revenue of the wine market in Turkmenistan amounted to $X in 2018, therefore, remained relatively stable against the previous year. Over the period under review, wine consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Turkmenistan wine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Wine Production in Turkmenistan

In value terms, wine production totaled $X in 2018 estimated in export prices. In general, wine production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, wine production reached its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Wine Exports

Exports from Turkmenistan

Wine exports from Turkmenistan totaled X kg in 2018, reducing by -X% against the previous year. Overall, wine exports continue to indicate a precipitous deduction. The pace of growth was the most pronounced in 2008 with a decrease of -X% year-to-year. Turkmenistan exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, wine exports totaled $X in 2018. In general, wine exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2014 with a decrease of -X% y-o-y. Turkmenistan exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Spain (X tonnes), Italy (X tonnes) and France (X tonnes) represented the major exporters of wine in the world, creating X% of total export. Chile (X tonnes) took the next position in the ranking, followed by Australia (X tonnes) and South Africa (X tonnes). All these countries together held near X% share of total exports. The following exporters - New Zealand (X tonnes), Germany (X tonnes), the U.S. (X tonnes), Portugal (X tonnes), Argentina (X tonnes) and China (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Australia, Chile, New Zealand, the U.S., Germany, Portugal, Argentina, South Africa and China lagged somewhat behind, together comprising a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The wine export price in Turkmenistan stood at $X per tonne in 2018, approximately equating the previous year. Over the period under review, the wine export price continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by X% year-to-year. In that year, the export prices for wine reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the export prices for wine remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Wine Imports

Imports into Turkmenistan

In 2018, the amount of wine imported into Turkmenistan totaled X tonnes, jumping by X% against the previous year. In general, wine imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. In that year, wine imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, wine imports amounted to $X in 2018. Over the period under review, wine imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, wine imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of wine imports in 2018 were the U.S. (X tonnes), Germany (X tonnes) and the UK (X tonnes), together reaching X% of total import. China (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by France (X%) and Russia (X%). The following importers - the Netherlands (X tonnes), Canada (X tonnes), Belgium (X tonnes), Denmark (X tonnes), Japan (X tonnes) and Sweden (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest wine importing markets into Turkmenistan were the U.S. ($X), the UK ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by China, Canada, Japan, the Netherlands, Belgium, Russia, France, Denmark, Sweden and Turkmenistan, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The wine import price in Turkmenistan stood at $X per tonne in 2018, falling by -X% against the previous year. Over the period under review, the import price indicated a slight expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the import price increased by X% y-o-y. In that year, the import prices for wine attained their peak level of $X per tonne. From 2014 to 2018, the growth in terms of the import prices for wine remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per tonne), while France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform