Middle East: Wine Market 2024

Wine Market Size in the Middle East

The Middle Eastern wine market reached $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Wine Production in the Middle East

In value terms, wine production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production saw a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Wine Exports

Exports in the Middle East

In 2023, approx. X litres of wine were exported in the Middle East; which is down by X% compared with the previous year's figure. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, wine exports declined slightly to $X in 2023. Total exports indicated prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell slightly in the following year.

Exports by Country

Israel was the major exporting country with an export of around X litres, which resulted at X% of total exports. Turkey (X litres) ranks second in terms of the total exports with a X% share, followed by Lebanon (X%). The United Arab Emirates (X litres) held a little share of total exports.

Israel was also the fastest-growing in terms of the wine exports, with a CAGR of X% from 2012 to 2023. At the same time, Turkey (X%), the United Arab Emirates (X%) and Lebanon (X%) displayed positive paces of growth. From 2012 to 2023, the share of Israel increased by X percentage points.

In value terms, Israel ($X) remains the largest wine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In Israel, wine 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: Turkey (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per litre, surging by X% against the previous year. In general, the export price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2022 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 2015; however, from 2016 to 2023, the export prices remained at a 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 Lebanon ($X per litre), while Israel ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Wine Imports

Imports in the Middle East

In 2023, purchases abroad of wine decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X litres, and then contracted in the following year.

In value terms, wine imports contracted to $X in 2023. Total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

The United Arab Emirates was the main importer of wine in the Middle East, with the volume of imports accounting for X litres, which was near X% of total imports in 2023. Israel (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). The following importers - Lebanon (X litres), Bahrain (X litres) and Jordan (X litres) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to wine imports into the United Arab Emirates stood at X%. At the same time, Turkey (X%), Jordan (X%), Israel (X%), Bahrain (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wine in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In the United Arab Emirates, wine imports increased 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: Turkey (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per litre in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a modest increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per litre in 2022, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per litre), while Lebanon ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform