Grape wine market in Peru

Earlier Report Observations

Between 2018 and 2023, the Peruvian wine market's consumption volume remained relatively stable, averaging around 92,000 thousand liters. A decline to 89,286 thousand liters in 2020 was followed by a recovery to over 93,000 thousand liters in 2021 and 2022, driven by a surge in imports. During this period, the industry saw a growing emphasis on table grape exports, which may have influenced grape supply for wine production.

From 2022 onward, the market shifted toward higher-value boutique wines made from local heritage grape varieties. This trend, highlighted by industry events and promotion, boosted the market's value from $312.1 million USD in 2021 to $368.9 million USD in 2023, even as physical volume slightly decreased. Rising domestic demand supported increased imports, while local wineries focused on premium segments for fine dining and specialized distribution.

The sector's recovery is marked by a focus on limited-production, high-quality wines from native creole varieties, aiming to restore Peru's historical winemaking prominence. Production volumes have held steady near 81,000 thousand liters, supported by diversification initiatives and quality improvements.

Production grape wine in Peru

In kind, 2017-2020, M l

Peru was among the world's leading producers of grape wine from 2017 to 2020, ranking 24th globally by production volume during this period.

Top producers of grape wine, 2017-2020

World map of production of grape wine, 2017-2020

In 2020, Peru produced 81.0 million liters of grape wine, marking a slight decline of 1.2% compared to 2019. Over the 2017-2020 period, production increased by 5.9%, with an average annual growth rate of 1.9%. The highest production level was recorded in 2018 at 82.0 million liters, which also saw the largest annual increase of 7.2%.

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

Exports grape wine from Peru

Exports in kind, K l

Export volumes showed an unstable trend throughout the period. In 2017, exports peaked, while in 2020 they reached their lowest point, with a 3.4-fold difference between these years. In 2020, Peru exported 256 thousand liters of grape wine, representing a significant contraction of 21.6% from the previous year. The largest decline occurred in 2018 at 63.9%, while the largest increase was in 2019 at 4.5%.

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

From 2017 to 2020, the United States (41.5% of export volume), Japan (36.0% of export volume), and the United Kingdom (3.6% of export volume) formed the core of Peru's grape wine exports, together accounting for 81.2% of total export flows.

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

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

Exports in value, K $ US

After two years of growth, Peru's grape wine exports declined in value. In 2020, exports stood at 969 thousand US dollars, reflecting an abrupt decline of 25.7% compared to 2019. Between 2017 and 2020, exports decreased by 17%, equating to an annualized rate of 6.0%. The maximum value was recorded in 2019 at 1 305 thousand US dollars, while the largest increase occurred in 2018 at 7.0%.

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

From 2017 to 2020, the United States (61.3% of export value), China (5.4% of export value), and France (4.4% of export value) consistently held leading positions in Peru's grape wine export structure by value, jointly accounting for 71.1% of total export flows.

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

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

Imports grape wine to Peru

Imports in kind, K l

Grape wine imports to Peru declined for the second consecutive year. In 2020, imports totaled 8 542 thousand liters, which is 11.8% lower than the previous year. Over the 2017-2020 period, imports decreased by 11.4%, with an average annual decline rate of 4.0%. The maximum volume was recorded in 2018 at 10 632 thousand liters, which also saw the largest annual increase of 10.3%.

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

From 2017 to 2020, Argentina (44.4% of import volume), Chile (30.8% of import volume), and Spain (12.9% of import volume) accounted for the largest share of Peru's grape wine imports, together comprising 88.0% of total import flows.

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

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

Imports in value, K $ US

Grape wine import values to Peru declined for the second consecutive year. In 2020, imports amounted to 33 874 thousand US dollars, representing a limited loss of 9.6% relative to the prior year. Between 2017 and 2020, imports decreased by 7.9%, equating to an annualized rate of 2.7%. The maximum value was recorded in 2018 at 37 955 thousand US dollars, while the largest increase occurred in 2018 at 3.2%.

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

From 2017 to 2020, Argentina (39.2% of import value), Chile (22.7% of import value), and Spain (17.6% of import value) together absorbed 79.5% of total grape wine import value to Peru, making them the main sources of imports.

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

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