GCC: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in GCC

The GCC grape wine spirits market fell dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption showed a noticeable slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Grape Wine Spirits Production in GCC

In value terms, grape wine spirits production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Grape Wine Spirits Exports

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of spirits obtained from distilled grape wine or grape marc, which increased by X% to X litres in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grape wine spirits exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X litres) represented roughly X% of total exports in 2022.

The United Arab Emirates was also the fastest-growing in terms of the spirits obtained from distilled grape wine or grape marc exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest grape wine spirits supplier in GCC.

In the United Arab Emirates, grape wine spirits exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per litre, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per litre in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Grape Wine Spirits Imports

Imports in GCC

In 2022, grape wine spirits imports in GCC declined rapidly to X litres, shrinking by X% on the previous year. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres, and then declined dramatically in the following year.

In value terms, grape wine spirits imports rose notably to $X in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X litres, which recorded X% of total imports. Oman (X litres) held the second position in the ranking, followed by Qatar (X litres) and Bahrain (X litres). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to grape wine spirits imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported spirits obtained from distilled grape wine or grape marc in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per litre, with an increase of X% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while Oman ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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