Grape wine market in Caribbean

Earlier Report Observations

The Caribbean grape wine market volume stood at 58 288 thousand liters in 2018. It contracted to 53 019 thousand liters in 2019 and fell sharply to 45 353 thousand liters in 2020, a decline largely attributable to the global COVID-19 pandemic which disrupted supply chains and reduced consumption. The subsequent rebound saw the market grow to 54 352 thousand liters in 2021 and peak at 66 830 thousand liters in 2022.

This recovery period was shaped by shifting consumer preferences toward healthier and more sustainable options. Demand for organic and natural wines grew steadily, increasing the market share of such products. This trend, alongside a rising interest in low-alcohol wines, altered the supply structure and contributed to market expansion after the pandemic lows.

By 2023, the market volume receded slightly to 64 619 thousand liters. This occurred amidst heightened international competition and more cautious consumer spending. Furthermore, a replenishment of grape and must stocks after previous short harvests improved production potential but did not offset the overall market contraction driven by competitive pressures.

Production grape wine in Caribbean

In kind, 2017-2020, K l

Top producers of grape wine, 2017-2020

World map of production of grape wine, 2017-2020

Caribbean grape wine production rebounded after a two-year decline. In 2020, the region produced 14 258 K l of grape wine, marking a sharp 35.9% increase compared to 2019. The lowest production level was recorded in 2019 at 10 494 K l, which also saw the largest decline of 7.0%. Over the period from 2017 to 2020, production grew by 20%, translating to an annualized growth rate of 6.3%.

Annual dynamics of production in Caribbean in kind, 2017-2020, K l

Exports grape wine from Caribbean

Exports in kind, K l

The data shows irregular changes, reflecting a volatile market environment. Exports peaked in 2017 and hit their lowest point in 2018 at 746 K l, with a 3.1-fold fluctuation between these years. In 2020, Caribbean exported 779 K l of grape wine, which was 29.0% lower than in 2019. The largest decline occurred in 2018 at 68.2%, while the largest increase was in 2019 at 47.0%.

Annual dynamics of product's exports from Caribbean in kind, 2017-2020, K l

From 2017 to 2020, the country breakdown of exports in kind was scattered, with no single partner emerging as clearly dominant. The United States accounted for 8.7% of exports, the United Kingdom for 2.4%, and France for 1.8%, together making up just 12.9% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Caribbean in kind, 2017-2020

Exports in value, M $ US

Caribbean's grape wine exports in value terms fell to 7.1 M $ US in 2020, a decrease of 25.7% from the previous year. Between 2017 and 2020, exports dropped by 52.7%, equating to an annualized decline of 22.1%. The largest decline was recorded in 2018 at 41.9%, while the largest increase occurred in 2019 at 9.5%.

Annual dynamics of product's exports from Caribbean in value, 2017-2020, M $ US

During 2017–2020, Caribbean traded grape wine with numerous countries, and even the largest destinations—the United States, the United Kingdom, and France—collectively represented only 17.1% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Caribbean in value, 2017-2020

Imports grape wine to Caribbean

Imports in kind, K l

Caribbean's grape wine imports declined for the third consecutive year. In 2020, imports totaled 31 860 K l, a dramatic reduction of 26.9% compared to the previous year. Over the 2017-2020 period, imports decreased by 39.1%, with a compound annual growth rate (CAGR) of -15.3%.

Annual dynamics of product's imports to Caribbean in kind, 2017-2020, K l

From 2017 to 2020, Spain, the United States, and France consistently remained the main sources for imports in kind. Spain accounted for 23.2% of imports, the United States for 22.3%, and France for 11.6%, together representing 57.1% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Caribbean in kind, 2017-2020

Imports in value, M $ US

After a two-year rise, Caribbean's imported grape wine volumes declined. In 2020, imports registered 132.6 M $ US, an intense decrease of 29.9% compared to 2019. The highest value was recorded in 2019 at 189.2 M $ US, which also saw the largest increase of 2.4%. Between 2017 and 2020, imports fell by 27.7%, equating to an annualized decline of 10.2%.

Annual dynamics of product's imports to Caribbean in value, 2017-2020, M $ US

In 2017–2020, the United States, Spain, and France were the largest suppliers of grape wine to Caribbean in value terms. The United States accounted for 29.2% of imports, Spain for 18.4%, and France for 18.1%, together forming 65.6% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Caribbean in value, 2017-2020