White Wine Price Trend and Forecast

White Wine Regional Price Overview

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

White Wine Price Trend for the Second Half of 2023
 
The global wine market experienced a notable rise in prices, with the US, the largest consumer of wine, feeling the impact particularly strongly. Contributing factors included broader international economic concerns, restrictive pricing mechanisms, and extreme weather events. Supply chain disruptions led to increased costs for packaging materials, such as glass and labels, further driving up prices.
 

White Wine Price Chart

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Labor costs also rose, affecting vineyards' ability to harvest grapes and bottle products. During the pandemic, rising costs were offset by increased prices, which consumers tolerated due to heightened demand. However, even as demand eased, consumers continued to pay higher prices, influencing producers to maintain elevated price points, especially for high-margin products.

The US wine industry's three-tier distribution system, regulated by the government, further complicated pricing dynamics, with wholesalers exerting significant influence over pricing trends. As climate change introduced unpredictability into grape-growing regions, erratic weather patterns disrupted harvests and impacted wine quality and pricing.

The future of the wine industry remained uncertain as producers grappled with evolving consumer preferences and climate-related challenges. Recently a reduction has been seen in wine consumers. Growing wineries also increased the available sources. However, the geopolitical disturbances and curtailed supply chains are challenging the existing dynamics in a reverse manner.

Analyst Insight

According to Procurement Resource, going forwards, stability is expected in the White Wine prices since the parity between the supply and demand outlooks is on the rise.
 

White Wine Price Trend for the First Half of 2023

White Wine has a little yellowish finish despite its name suggesting otherwise. The white here represents the absence of any pigments in the source grapes. So peeled grapes, without their skin, are used in the fermentation process to make White Wine.

With the rising health and immunity consciousness in the post-COVID world, a depreciation in general alcohol consumption has been observed.

And other than this, the technological revolutions in the winery industry have shortened production times and hassles. So naturally, more and more competitors are appearing in the wine market; this is creating a supply surplus in the market and is weakening the supply side cost support. Overall, the White Wine prices slid continuously throughout the said period.

Analyst Insight

According to Procurement Resource, the future market projections do not look very promising for the White Wine industry. Excess supplies are likely to push the White Wine market further down.

Procurement Resource provides latest prices of White 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.