The value of Spanish wine breaks records in the US and Canada and recovers in Mexico

Published 2022년 3월 10일

Tridge summary

In 2021, Spanish wine exports to the US saw a significant increase, with the value surpassing $400 million for the first time and growing by 30.6% to $412 million. The average price per liter also reached its highest since 2014 at $5.11, making it more expensive than wines from other countries such as Australia, Argentina, Chile, Portugal, Germany, and South Africa. The volume of Spanish wine purchased in the US was the second highest on record. Additionally, Spanish wine imports in Canada reached an all-time high of 39 million liters and $187 million, positioning Spain as the fourth largest seller in value to Canada. Mexico also experienced a 20.8% increase in imported Spanish wine, becoming the most purchased wine in the country, surpassing Italy and Chile in volume and value.

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Original content

Specifically, in the US, and also after two years of losses, the value of Spanish wine exports increased by 30.6% in 2021, exceeding 400 million dollars for the first time in its history. Its average price rose to 5.11 dollars per liter, the highest since 2014 and higher than that of Australia, Argentina, Chile, Portugal, Germany or South Africa. The volume of Spanish wine purchased was, with 80 million litres, the second highest to date, close to the 2012 record (81.7 million), when the price was 3.90 dollars. As for Canada, Spanish wine imports reached their all-time highs in 2021, with 39 million liters and 187 million dollars. Spain thus surpassed Australia for the first time as the fourth seller in value to Canada, with the Australian country registering its lowest turnover since 2001, while surpassing Chile and Argentina in volume. Finally, Mexico increased the volume of imported Spanish wine by 20.8% in 2021, which two years later surpassed the Italian (-2.3%) as the most ...

Source: PEefeagro