Wine and wine products market in Montenegro

Earlier Report Observations

Montenegro's wine market volume fell from 13 086 tonnes in 2018 to 9 341 tonnes in 2020, reflecting a period of reduced domestic output and lower imports. A recovery followed, with the market rising to 12 758 tonnes by 2022 as imports grew substantially.

In 2023, the market collapsed to 6 648 tonnes, a drop of nearly 50% from the previous year. This sharp contraction resulted from record exports exceeding 10 000 tonnes and a further decline in domestic production to 8 972 tonnes.

Production wine and wine products in Montenegro

In kind, 2017-2020, t

Top producers of wine and wine products, 2017-2020

World map of production of wine and wine products, 2017-2020

Montenegro's wine and wine products production volume has declined for the second consecutive year. In 2020, the country produced 11 496 tons of wine and wine products, marking a modest decrease of 5.4% compared to 2019. Looking at the period from 2017 to 2020, production fell by 13.5%, with an average annual decline of 4.7%. The highest production level was recorded in 2018 at 14 421 tons, which saw an 8.5% increase. However, the largest decline occurred in 2019, with a drop of 15.8%.

Annual dynamics of production in Montenegro in kind, 2017-2020, t

In value, 2017-2020, K $ US

Wine and wine products production in Montenegro has declined for the second year in a row. In 2020, the output was valued at 27 315 thousand US dollars, representing a robust contraction of 12.8% compared to 2019. From 2017 to 2020, production decreased by 21.8%, equating to an annualized rate of 7.9%. The peak value was recorded in 2018 at 38 256 thousand US dollars, which saw a 9.6% increase. The largest decline was in 2019, with an 18.1% drop.

Annual dynamics of production in Montenegro in value, 2017-2020, K $ US

Exports wine and wine products from Montenegro

Exports in kind, t

Montenegro's wine and wine products export volume has declined for the second consecutive year. In 2020, exports amounted to 5 686 tons, showing a strong decrease of 14.9% from 2019. Between 2017 and 2020, exports fell by 11.7%, with an average annual decline of 4.0%. The highest export volume was in 2018 at 6 691 tons, which saw a 4.0% increase.

Annual dynamics of product's exports from Montenegro in kind, 2017-2020, t

From 2017 to 2020, Serbia, Bosnia and Herzegovina, and China formed the core of Montenegro's wine and wine products exports in kind. Serbia accounted for 57.3% of exports, Bosnia and Herzegovina for 19.6%, and China for 5.8%. Together, these three countries represented 82.7% of total export flows.

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

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

Exports in value, K $ US

Montenegro's wine and wine products exports have declined for the second year in a row. In 2020, the country exported 13 510 thousand US dollars worth of wine and wine products, amounting to a robust drop of 21.6% compared to 2019. From 2017 to 2020, exports decreased by 20.1%, with an annualized rate of 7.2%. The maximum value was recorded in 2018 at 17 748 thousand US dollars, which saw a 4.9% increase.

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

Over the period 2017–2020, Serbia, Bosnia and Herzegovina, and China were the main markets for Montenegro's wine and wine products exports in value terms. Serbia accounted for 46.4% of exports, Bosnia and Herzegovina for 19.3%, and China for 11.1%. Collectively, these three countries represented 76.8% of total export flows.

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

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

Imports wine and wine products to Montenegro

Imports in kind, t

Montenegro's wine and wine products import volume has declined for the third consecutive year. In 2020, the country imported approximately 3 531 tons, indicating an abrupt drop of 33.0% year-over-year. Between 2017 and 2020, imports decreased by 37.9%, equating to an annualized rate of 14.7%.

Annual dynamics of product's imports to Montenegro in kind, 2017-2020, t

Throughout 2017–2020, Serbia, North Macedonia, and Italy played the leading roles in wine and wine products imports to Montenegro in kind. Serbia accounted for 45.9% of imports, North Macedonia for 22.5%, and Italy for 7.1%. Together, these three countries took 75.5% of total import flows.

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

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

Imports in value, K $ US

Montenegro's wine and wine products imports have declined for the second consecutive year. In 2020, the country imported 11 999 thousand US dollars worth of wine and wine products, marking a sharp decrease of 34.8% compared with 2019. From 2017 to 2020, imports decreased by 31.3%, with an annualized rate of 11.8%. The peak value was in 2018 at 18 841 thousand US dollars, which saw a 7.9% increase.

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

In the period 2017–2020, Serbia, Italy, and the United Kingdom continued to head the list of suppliers of wine and wine products to Montenegro in value terms. Serbia accounted for 28.1% of imports, Italy for 12.6%, and the United Kingdom for 12.5%. Jointly, these three countries represented 53.2% of total imports in value terms.

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

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