Market research

Grape wine market in Montenegro

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Montenegro's grape wine market volume showed considerable variation from 2018 to 2023. It began at 11.2 million liters in 2018, then declined to 8.7 million liters in 2019 and 8.1 million liters in 2020. The market recovered to 9.6 million liters in 2021 and reached 10.0 million liters in 2022, before dropping sharply to 7.7 million liters in 2023.

In 2024, wine imports rose to 4.8 million liters while exports fell to 5.2 million liters. The global wine production drop to its lowest level in over six decades, coupled with climate change effects, reduced the availability of quality grapes and wine, posing challenges for Montenegro's wine industry.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Montenegro
  1. 5.1.1. In kind, 2018-2023, M l
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, M l
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, K l
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K l
    1. 6.1.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, K l
    2. 6.1.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, K l
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/K l
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/K l
    2. 6.1.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/K l
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K l
    1. 6.2.2.1. Annual dynamics of product's exports from Montenegro in kind, 2018-2024, K l
    2. 6.2.2.2. Dynamics of product's exports in kind from Montenegro by countries, 2018-2024, K l
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Montenegro in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Montenegro by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/K l
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Montenegro, 2018-2024, $ US/K l
    2. 6.2.4.2. Dynamics of average price of product's exports from Montenegro by countries, 2018-2024, $ US/K l
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K l
    1. 7.1.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, K l
    2. 7.1.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, K l
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/K l
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/K l
    2. 7.1.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/K l
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K l
    1. 7.2.2.1. Annual dynamics of product's imports to Montenegro in kind, 2018-2024, K l
    2. 7.2.2.2. Dynamics of product's imports in kind to Montenegro by countries, 2018-2024, K l
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Montenegro in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Montenegro by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/K l
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Montenegro, 2018-2024, $ US/K l
    2. 7.2.4.2. Dynamics of average price of product's imports to Montenegro by countries, 2018-2024, $ US/K l
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K l
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K l
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production grape wine in Montenegro

In kind, 2017-2020, M l

Top producers of grape wine, 2017-2020

Source: SHEV.io

World map of production of grape wine, 2017-2020

Source: SHEV.io

Grape wine production in Montenegro has declined for the second year in a row. In 2020, the country produced 11 million liters, marking a 5.4% decrease compared to 2019. Looking at the period from 2017 to 2020, production fell by 13.5%, which translates to an average annual decline of 4.7%. The highest production level was recorded in 2018 at 14 million liters. That year also saw the largest increase of 8.5%, while the most significant drop occurred in 2019 with a 15.8% decrease.

Annual dynamics of production in Montenegro in kind, 2017-2020, M l

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.5%	(15.8%)	(5.4%)	(4.7%)

Source: SHEV.io

Exports grape wine from Montenegro

Exports in kind, K l

In 2020, Montenegro exported 5.672 million liters of grape wine, showing a modest decline of 7.9% from the previous year. From 2017 to 2020, exports decreased by 9.7%, averaging a 3.3% annual reduction. The largest increase was observed in 2019 at 2.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.9%)	2.1%	(7.9%)	(3.3%)

Source: SHEV.io

Between 2017 and 2020, Serbia, Bosnia and Herzegovina, and China were the primary markets for Montenegro's grape wine exports in volume terms. Serbia accounted for 56.7% of exports, Bosnia and Herzegovina for 21.4%, and China for 6.1%. Together, these three countries represented 84.2% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Grape wine exports from Montenegro have declined for the third consecutive year. In 2020, exports totaled 12.529 million US dollars, reflecting a 17.8% decrease compared to the previous year. Over the 2017-2020 period, exports fell by 20.2%, with a compound annual growth rate of -7.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.3%)	(2.7%)	(17.8%)	(7.3%)

Source: SHEV.io

From 2017 to 2020, three key markets—Serbia, Bosnia and Herzegovina, and China—collectively accounted for 79.4% of Montenegro's grape wine exports in value terms.

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

Source: SHEV.io

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

Source: SHEV.io

Imports grape wine to Montenegro

Imports in kind, K l

Grape wine imports into Montenegro have declined for the third year in a row. In 2020, imports amounted to 2.233 million liters, down 17.2% from 2019. Over the 2017-2020 period, imports decreased by 23.9%, with a compound annual growth rate of -8.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.2%)	(4.1%)	(17.2%)	(8.7%)

Source: SHEV.io

Between 2017 and 2020, North Macedonia, Serbia, and Croatia were the leading sources of grape wine imports into Montenegro in volume terms. North Macedonia contributed 41.2% of imports, Serbia 37.5%, and Croatia 7.2%. Together, these three countries made up 85.9% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Imported grape wine volumes in Montenegro have declined for the second consecutive year. In 2020, imports were valued at approximately 6.725 million US dollars, a 14.5% decrease from the year before. The highest import value was recorded in 2018 at 8.144 million US dollars, which also saw the largest increase of 23.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.1%	(3.4%)	(14.5%)	0.6%

Source: SHEV.io

Throughout 2017-2020, Serbia, Italy, and France remained the main sources of grape wine imports into Montenegro in value terms. Serbia accounted for 25.1% of imports, Italy for 17.6%, and France for 17.5%. Collectively, these three countries represented 60.2% of total import flows.

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

Source: SHEV.io

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

Source: SHEV.io