ASEAN: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in ASEAN

The ASEAN grape wine spirits market rose significantly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Grape Wine Spirits Production in ASEAN

In value terms, grape wine spirits production rose rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Grape Wine Spirits Exports

Exports in ASEAN

In 2022, exports of spirits obtained from distilled grape wine or grape marc in ASEAN reduced dramatically to X litres, which is down by X% on the year before. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grape wine spirits exports declined notably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the main exporting country with an export of around X litres, which finished at X% of total exports. It was distantly followed by Malaysia (X litres), creating a X% share of total exports. Thailand (X litres) and the Philippines (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to grape wine spirits exports from Singapore stood at X%. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Thailand (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest grape wine spirits supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Singapore, grape wine spirits exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per litre in 2022, which is down by X% against the previous year. Export price indicated perceptible growth 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. Based on 2022 figures, grape wine spirits export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per litre in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports in ASEAN

In 2022, approx. X litres of spirits obtained from distilled grape wine or grape marc were imported in ASEAN; shrinking by X% against the previous year. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some 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. Over the period under review, imports attained the peak figure at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

The Philippines was the key importer of spirits obtained from distilled grape wine or grape marc in ASEAN, with the volume of imports recording X litres, which was approx. X% of total imports in 2022. It was distantly followed by Singapore (X litres), creating a X% share of total imports. Malaysia (X litres) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the spirits obtained from distilled grape wine or grape marc imports, with a CAGR of X% from 2012 to 2022. Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported spirits obtained from distilled grape wine or grape marc in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports.

In Singapore, grape wine spirits imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per litre in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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