Northern America: Market for Wine And Grape Must 2024

Market Size for Wine And Grape Must in Northern America

In 2023, the North American wine and grape must market decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2013 indices. Over the period under review, the market reached the maximum level at $X in 2022, and then fell modestly in the following year.

Production of Wine And Grape Must in Northern America

In value terms, wine and grape must production totaled $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2023 and is expected to retain growth in the near future.

Exports of Wine And Grape Must

Exports in Northern America

In 2023, shipments abroad of wine and grape must decreased by X% to X litres, falling for the third consecutive year after four years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, wine and grape must exports reduced rapidly to $X in 2023. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X litres) and the United States (X litres) represented roughly X% of total exports in 2023.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the United States ($X) remains the largest wine and grape must supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, wine and grape must exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per litre, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per litre. From 2017 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per litre), while Canada stood at $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Wine And Grape Must

Imports in Northern America

In 2023, after six years of growth, there was significant decline in supplies from abroad of wine and grape must, when their volume decreased by X% to X litres. In general, imports, however, recorded slight growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X litres in 2022, and then reduced in the following year.

In value terms, wine and grape must imports fell to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, the United States (X litres) represented the main importer of wine and grape must, committing X% of total imports. It was distantly followed by Canada (X litres), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the wine and grape must imports, with a CAGR of X% from 2012 to 2023. Canada experienced a relatively flat trend pattern. The United States (X p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) constitutes the largest market for imported wine and grape must in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2023, almost unchanged from the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per litre in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States stood at $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform