Price for Wine; Still, in Containers Holding More than 2 Litres in South Africa - 2024
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in South Africa (FOB) - 2024
- Price for Wine; Still, in Containers Holding More than 2 Litres in South Africa (CIF) - 2022
- Exports of Wine; Still, in Containers Holding More than 2 Litres in South Africa
- Imports of Wine; Still, in Containers Holding More than 2 Litres in South Africa
Price for Wine; Still, in Containers Holding More than 2 Litres in South Africa (FOB) - 2024
In January 2024, the average export price for wine; still, in containers holding more than 2 litreses amounted to $903 per thousand litres, growing by 9.6% against the previous month. Over the period under review, the export price saw a mild expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Botswana ($1.8 per litre), while the average price for exports to the United States ($443 per thousand litres) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in South Africa (CIF) - 2022
The average import price for wine; still, in containers holding more than 2 litreses stood at $1.9 per litre in 2022, shrinking by -29.6% against the previous year. In general, the import price showed a abrupt descent. The growth pace was the most rapid in 2021 an increase of 207% against the previous year. Over the period under review, average import prices hit record highs at $4.8 per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($2.1 per litre), while the price for Italy ($1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Wine; Still, in Containers Holding More than 2 Litres in South Africa
Exports of wine; still, in containers holding more than 2 litreses from South Africa shrank to 271M litres in 2022, which is down by -4.3% against the previous year. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of 283M litres, and then fell modestly in the following year.
In value terms, exports of wine; still, in containers holding more than 2 litreses declined to $200M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $218M, and then contracted in the following year.
Export of Wine; Still, in Containers Holding More than 2 Litres in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 36.2 | 41.2 | 43.5 | 46.9 | 9.0% |
Germany | 33.5 | 33.6 | 36.2 | 23.6 | -11.0% |
Denmark | 19.1 | 19.6 | 16.5 | 15.0 | -7.7% |
United States | 1.7 | 5.0 | 20.6 | 12.5 | 94.5% |
France | 10.4 | 7.5 | 9.9 | 12.5 | 6.3% |
Canada | 2.7 | 3.8 | 11.1 | 10.6 | 57.8% |
Belgium | 4.1 | 5.0 | 4.1 | 8.4 | 27.0% |
Sweden | 13.6 | 15.1 | 13.2 | 7.3 | -18.7% |
Botswana | 3.3 | 3.7 | 5.4 | 6.5 | 25.4% |
Italy | N/A | 0.5 | 4.1 | 4.2 | 189.8% |
Netherlands | 5.7 | 5.1 | 4.0 | 3.2 | -17.5% |
Finland | 3.9 | 4.1 | 2.7 | 3.1 | -7.4% |
Russia | 9.9 | 1.6 | 1.0 | 0.2 | -72.8% |
Others | 36.0 | 30.6 | 45.5 | 45.9 | 8.4% |
Total | 180 | 176 | 218 | 200 | 3.6% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from South Africa in 2022:
- United Kingdom (66.3M litres)
- Germany (40.9M litres)
- France (22.6M litres)
- Canada (19.8M litres)
- United States (18.4M litres)
- Italy (16.7M litres)
- Denmark (13.5M litres)
- Belgium (9.0M litres)
- Sweden (7.7M litres)
- Netherlands (5.1M litres)
- Finland (4.2M litres)
- Botswana (4.1M litres)
- Russia (0.1M litres)
Imports of Wine; Still, in Containers Holding More than 2 Litres in South Africa
In 2022, purchases abroad of wine; still, in containers holding more than 2 litreses was finally on the rise to reach 106K litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a precipitous slump. Imports peaked at 6.5M litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wine; still, in containers holding more than 2 litreses surged to $204K in 2022. Overall, imports, however, saw a significant decrease. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Wine; Still, in Containers Holding More than 2 Litres in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 27.9 | 5.5 | 13.7 | 151 | 75.6% |
Portugal | N/A | 7.4 | 1.8 | 24.9 | 83.4% |
Botswana | 1.5 | N/A | N/A | 7.6 | 71.8% |
Italy | 85.9 | 53.0 | 4.7 | 5.1 | -61.0% |
Spain | 8,347 | 0.2 | 1.7 | 3.6 | -92.4% |
Argentina | 3,325 | 888 | 0.1 | 0.1 | -96.9% |
Others | 68.3 | 251 | 16.9 | 12.1 | -43.8% |
Total | 11,856 | 1,205 | 38.9 | 204 | -74.2% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to South Africa in 2022:
- France (72.8K litres)
- Portugal (17.9K litres)
- Botswana (6.2K litres)
- Italy (4.9K litres)
- Spain (1.0K litres)
- Argentina (0.1K litres)
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