Venezuela - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVenezuela: Sparkling Wine Market 2024
Sparkling Wine Market Size in Venezuela
In 2023, the Venezuelan sparkling wine market decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. Overall, consumption recorded a abrupt descent. Sparkling wine consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
Sparkling Wine Exports
Exports from Venezuela
After three years of growth, overseas shipments of sparkling wine decreased by X% to X litres in 2023. Overall, exports saw a dramatic decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X litres in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
In value terms, sparkling wine exports shrank sharply to $X in 2023. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
The United States (X litres) was the main destination for sparkling wine exports from Venezuela, accounting for a X% share of total exports. It was followed by the Dominican Republic (X litres), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest.
In value terms, the United States ($X) emerged as the key foreign market for sparkling wine exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of value to the United States was relatively modest.
Export Prices by Country
The average sparkling wine export price stood at $X per litre in 2023, increasing by X% against the previous year. Over the period under review, the export price saw a moderate increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per litre in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to the Dominican Republic stood at $X per litre.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%).
Sparkling Wine Imports
Imports into Venezuela
In 2023, purchases abroad of sparkling wine decreased by X% to X litres for the first time since 2017, thus ending a five-year rising trend. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X litres in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
In value terms, sparkling wine imports fell notably to $X in 2023. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
Imports by Country
Spain (X litres), Italy (X litres) and France (X litres) were the main suppliers of sparkling wine imports to Venezuela, with a combined X% share of total imports. Chile, Panama, Germany, Argentina and Switzerland lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest sparkling wine suppliers to Venezuela were Spain ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Panama, Chile, Germany, Argentina and Switzerland lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In 2023, the average sparkling wine import price amounted to $X per litre, rising by X% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Panama ($X per litre), while the price for Switzerland ($X per litre) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the sparkling wine market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
Country coverage:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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