Price for Wine; Still, in Containers Holding 2 Litres or Less in the UK - 2023
Contents:
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the UK (CIF) - 2023
- Price for Wine; Still, in Containers Holding 2 Litres or Less in the UK (FOB) - 2022
- Imports of Wine; Still, in Containers Holding 2 Litres or Less in the UK
- Exports of Wine; Still, in Containers Holding 2 Litres or Less in the UK
Price for Wine; Still, in Containers Holding 2 Litres or Less in the UK (CIF) - 2023
In December 2023, the average import price for wine; still, in containers holding 2 litres or lesses amounted to $6.2 per litre, surging by 23% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 28% m-o-m. Over the period under review, average import prices hit record highs at $7.3 per litre in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($6.0 per litre), while the price for Chile ($3.1 per litre) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding 2 Litres or Less in the UK (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding 2 litres or lesses amounted to $14 per litre, waning by -10.1% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wine; still, in containers holding 2 litres or lesses increased by +63.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 82%. As a result, the export price reached the peak level of $16 per litre, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($68 per litre), while the average price for exports to Poland ($2.2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding 2 Litres or Less in the UK
In 2022, imports of wine; still, in containers holding 2 litres or lesses into the UK skyrocketed to 637M litres, rising by 28% against the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at 721M litres in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of wine; still, in containers holding 2 litres or lesses reduced to $3.1B in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 9.1%. As a result, imports attained the peak of $3.1B, leveling off in the following year.
| Import of Wine; Still, in Containers Holding 2 Litres or Less in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 965 | 929 | 1,015 | 1,152 | 6.1% |
| Italy | 486 | 457 | 487 | 535 | 3.3% |
| Spain | 263 | 287 | 311 | 327 | 7.5% |
| New Zealand | 205 | 223 | 186 | 209 | 0.6% |
| Chile | 168 | 191 | 200 | 174 | 1.2% |
| Australia | 110 | 138 | 137 | 149 | 10.6% |
| South Africa | 86.6 | 89.5 | 121 | 125 | 13.0% |
| Argentina | 103 | 103 | 106 | 108 | 1.6% |
| Germany | 174 | 157 | 72.6 | 39.8 | -38.8% |
| Others | 227 | 240 | 435 | 250 | 3.3% |
| Total | 2,787 | 2,814 | 3,071 | 3,069 | 3.3% |
Top Suppliers of Wine; Still, in Containers Holding 2 Litres or Less to the UK in 2022:
- Italy (153.1M litres)
- France (139.5M litres)
- Spain (91.4M litres)
- Chile (52.1M litres)
- Australia (40.2M litres)
- South Africa (37.7M litres)
- New Zealand (34.6M litres)
- Argentina (29.2M litres)
- Germany (12.1M litres)
Exports of Wine; Still, in Containers Holding 2 Litres or Less in the UK
In 2022, after two years of decline, there was significant growth in shipments abroad of wine; still, in containers holding 2 litres or lesses, when their volume increased by 14% to 41M litres. In general, exports, however, faced a drastic downturn. The exports peaked at 67M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of wine; still, in containers holding 2 litres or lesses rose modestly to $588M in 2022. Overall, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year. The exports peaked at $687M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wine; Still, in Containers Holding 2 Litres or Less in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 202 | 174 | 212 | 183 | -3.2% |
| United States | 98.8 | 44.4 | 81.0 | 82.2 | -5.9% |
| France | 48.4 | 30.2 | 38.4 | 53.8 | 3.6% |
| Belgium | 6.0 | 4.4 | 23.3 | 45.3 | 96.2% |
| Ireland | 53.9 | 71.7 | 34.1 | 23.8 | -23.9% |
| Denmark | 18.5 | 13.4 | 15.9 | 16.3 | -4.1% |
| Netherlands | 49.5 | 44.4 | 14.6 | 14.0 | -34.4% |
| Spain | 15.1 | 4.5 | 5.5 | 6.8 | -23.4% |
| Germany | 55.4 | 47.9 | 3.8 | 6.4 | -51.3% |
| Poland | 5.2 | 3.4 | 3.7 | 4.1 | -7.6% |
| United Arab Emirates | 3.2 | 1.0 | 3.1 | 4.0 | 7.7% |
| Czech Republic | 2.1 | 1.8 | 1.5 | 1.9 | -3.3% |
| Others | 129 | 112 | 139 | 147 | 4.5% |
| Total | 687 | 553 | 576 | 588 | -5.1% |
Top Export Markets for Wine; Still, in Containers Holding 2 Litres or Less from the UK in 2022:
- Hong Kong SAR (13.9M litres)
- Ireland (7.0M litres)
- Netherlands (2.1M litres)
- Denmark (2.1M litres)
- Poland (1.9M litres)
- France (1.8M litres)
- Spain (1.8M litres)
- United States (1.2M litres)
- Belgium (1.0M litres)
- Germany (0.8M litres)
- Czech Republic (0.6M litres)
- United Arab Emirates (0.6M litres)
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