GCC: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in GCC

The GCC wine of fresh grapes market amounted to $X in 2023, flattening at the previous year. The total consumption indicated a temperate 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 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Wine Of Fresh Grapes (Except Sparkling Wine) in GCC

In value terms, wine of fresh grapes production totaled $X in 2023 estimated in export price. Over the period under review, production recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports in GCC

In 2023, exports of wine of fresh grapes (except sparkling wine) in GCC declined significantly to X litres, with a decrease of X% compared with the previous year. In general, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X litres in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X litres, which was near X% of total exports in 2023. It was distantly followed by Bahrain (X litres) and Saudi Arabia (X litres), together comprising a X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Bahrain (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest wine of fresh grapes supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

In the United Arab Emirates, wine of fresh grapes exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per litre, with an increase of X% against the previous year. In general, the export price recorded a buoyant increase. 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 amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while Saudi Arabia ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports in GCC

In 2023, supplies from abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres, and then contracted in the following year.

In value terms, wine of fresh grapes imports reduced dramatically to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X litres, which was near X% of total imports in 2023. Bahrain (X litres), Saudi Arabia (X litres), Qatar (X litres) and Oman (X litres) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to wine of fresh grapes imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) illustrated a downward trend over the same period. Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wine of fresh grapes (except sparkling wine) in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, wine of fresh grapes imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per litre in 2023, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per litre in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per litre), while Saudi Arabia ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform