Price for Wine; Still, in Containers Holding More than 2 Litres in the United States - 2023
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in the United States (CIF) - 2023
- Price for Wine; Still, in Containers Holding More than 2 Litres in the United States (FOB) - 2023
- Imports of Wine; Still, in Containers Holding More than 2 Litres in the United States
- Exports of Wine; Still, in Containers Holding More than 2 Litres in the United States
Price for Wine; Still, in Containers Holding More than 2 Litres in the United States (CIF) - 2023
The average import price for wine; still, in containers holding more than 2 litreses stood at $714 per thousand litres in December 2023, declining by -15.3% against the previous month. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in July 2023 an increase of 44% month-to-month. Over the period under review, average import prices hit record highs at $1.0 per litre in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($2.6 per litre), while the price for Canada ($279 per thousand litres) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wine; Still, in Containers Holding More than 2 Litres in the United States (FOB) - 2023
The average export price for wine; still, in containers holding more than 2 litreses stood at $1.6 per litre in December 2023, dropping by -18.9% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 56% m-o-m. As a result, the export price reached the peak level of $2.6 per litre. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($3.3 per litre), while the average price for exports to Norway ($833 per thousand litres) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wine; Still, in Containers Holding More than 2 Litres in the United States
After three years of growth, supplies from abroad of wine; still, in containers holding more than 2 litreses decreased by -7.8% to 419M litres in 2022. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 454M litres, and then fell in the following year.
In value terms, imports of wine; still, in containers holding more than 2 litreses shrank to $384M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of $428M, and then declined in the following year.
| Import of Wine; Still, in Containers Holding More than 2 Litres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 77.7 | 72.4 | 82.6 | 80.3 | 1.1% |
| Chile | 96.3 | 79.7 | 94.2 | 72.8 | -8.9% |
| Australia | 55.6 | 50.7 | 38.6 | 61.9 | 3.6% |
| Canada | 34.5 | 37.1 | 52.7 | 47.7 | 11.4% |
| France | 19.3 | 57.8 | 87.3 | 46.4 | 34.0% |
| Italy | 23.6 | 21.4 | 31.1 | 23.0 | -0.9% |
| South Africa | 1.9 | 4.9 | 13.8 | 22.7 | 128.6% |
| Argentina | 10.7 | 7.6 | 11.8 | 19.9 | 23.0% |
| Others | 7.4 | 8.8 | 15.9 | 9.6 | 9.1% |
| Total | 327 | 340 | 428 | 384 | 5.5% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to the United States in 2022:
- Canada (178.2M litres)
- Chile (84.2M litres)
- Australia (61.9M litres)
- New Zealand (27.5M litres)
- South Africa (25.2M litres)
- Argentina (17.2M litres)
- Italy (11.3M litres)
- France (7.3M litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in the United States
In 2022, exports of wine; still, in containers holding more than 2 litreses from the United States soared to 204M litres, growing by 17% on 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of attained the maximum at 233M litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wine; still, in containers holding more than 2 litreses expanded remarkably to $276M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $309M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Wine; Still, in Containers Holding More than 2 Litres in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 157 | 186 | 150 | 150 | -1.5% |
| Canada | 16.1 | 25.6 | 19.2 | 22.3 | 11.5% |
| Hong Kong SAR | 3.6 | 1.1 | 1.5 | 16.0 | 64.4% |
| France | 10.0 | 11.9 | 11.6 | 14.5 | 13.2% |
| Denmark | 5.8 | 10.7 | 8.9 | 14.0 | 34.1% |
| Germany | 18.2 | 20.6 | 12.5 | 13.5 | -9.5% |
| Japan | 16.9 | 9.5 | 6.8 | 6.2 | -28.4% |
| Belgium | 20.3 | 19.3 | 6.8 | 6.0 | -33.4% |
| Norway | 4.7 | 4.4 | 2.8 | 2.4 | -20.1% |
| Others | 26.6 | 20.3 | 21.4 | 30.6 | 4.8% |
| Total | 279 | 309 | 242 | 276 | -0.4% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from the United States in 2022:
- United Kingdom (116.6M litres)
- France (12.3M litres)
- Germany (12.1M litres)
- Canada (12.0M litres)
- Hong Kong SAR (9.9M litres)
- Denmark (9.3M litres)
- Belgium (8.0M litres)
- Japan (3.0M litres)
- Norway (2.8M litres)
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