Grape must: n.e.s. in heading no. 2009, n.e.s. in item no. 2204.2

In 2024, grape must: n.e.s. in heading no. 2009, n.e.s. in item no. 2204.2 trade exhibited strong growth, with global flows reaching $139,352,143 and a three-year compound annual growth rate of -2.9% (five-year: +0.3%). The all-time peak of $154,167,099 was recorded in 2018; the current level is 10% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-2.6% acceleration).

The World Trade Flows Characterization classifies grape must: n.e.s. in heading no. 2009, n.e.s. in item no. 2204.2 as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.400). The three largest exporters — Spain ($83.8M), Italy ($32.4M), and France ($10.8M) — collectively dominate supply flows. The leading exporter has grown at +3.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.131). The three largest import markets are Italy ($39.2M), France ($26.9M), and Germany ($11.3M). The largest importing market sources from 16 different supplying countries.

Estimated substitution elasticity: -4.29. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Spain → Italy at $34.1M, representing 87.0% of the importer's total demand.

The volatility score for grape must: n.e.s. in heading no. 2009, n.e.s. in item no. 2204.2 is 10 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.