Red Wine Price Trend and Forecast

Red Wine Regional Price Overview

Get the latest insights on price movement and trend analysis of Red Wine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Red Wine Price Trend for the Second Half of 2023

The Red Wine industry struggled immensely this year because climate change and unseasonal weather changes impacted the production yields of grapes, and the levels could not be sustained. According to the International Organisation for Vine and Wine (OIV), global wine production estimatedly fell lowest since 1961.

Red Wine Price Chart

Red Wine Price Trends

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According to some reports, wine consumption is also on a decline as people’s interest is rising in health and life expectancy. However, around December, the sales numbers rose again, primarily because of the Christmas and New Year holidays. In a single state of Telangana, wine sales surged by around 35% within December. Albeit an underwhelming performance was witnessed throughout the given span.

Analyst insight

According to Procurement Resource, not much improvement is anticipated in the coming times; the wineries are registering losses, and the trend is likely to continue for some time.

Red Wine Price Trend for the First Half of 2023

Red Wine exhibited a consistently poor market performance during the first half of the year 2023. With the technological advancements in Oenology, the process of vinification has become easier and shorter. This led to an increased yield by the existing suppliers. With the lucrative revenue incentives associated with the conventional wine industry, more companies and suppliers jumped into the Red Wine market.

Consequently, a supply glut was observed in the Red Wine industry; to the contrary, global wine consumption regressed in the post-pandemic world. This rising disparity in the supply and demand dynamics of Red Wine forces suppliers to discount the prices in order to vacate the inventories. By the end of the second quarter, the European Union had given 172 million USD to get rid of about 80 million gallons of waste wine.

Analyst Insight

According to Procurement Resource, the Red Wine market is anticipated to depreciate further with rapidly falling production costs and rising inventory levels.

Procurement Resource provides latest prices of Red Wine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Red Wine

Red Wine is a kind of wine that is made from dark-coloured grape varieties. Wines with high acidity usually taste tart and zesty, Red wines, for example, have more tart fruit properties. It generally implies that it has very high acidity and minimal fruit flavours. However, the actual colour of the red wine can vary from intense violet to brick red and brown for young wines, mature wines and older red wines respectively.

Red Wine Product Details

Report Features Details
Product Name Red Wine
Industrial Uses Exotic Dishes, Beverage
Synonyms Claret, Cabernet Sauvignon
Supplier Database Bacardi Limited, Diageo, Campari-Milano S.p.A., Caviro Group, The Wine Group
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer 
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Red Wine Production Processes

  • Production of Red Wine via Fermentation

Red wines are often prepared or produced by destemming and crushing the grapes into a tank where the skins are left in contact with the juice throughout the fermentation (maceration).


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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