The Wine Market in Countries of the Danube Region

Vlahović, Branislav and Puškarić, Anton (2013) The Wine Market in Countries of the Danube Region. In: International Scientific Conference Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region: Achieving Regional Competitiveness. Institute of Agricultural Economics, Belgrade, pp. 105-122. ISBN 978-86-6269-026-5

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Abstract

A subject and a goal of the research are to perceive trends in production, export and import of wines in countries of the Danube region. Data source is the FAO and the International Trade Centre (ITC) database, in time period from 2007 to 2011. An average wine production in stated region amounts 2.7 milliard litres with tendency of moderate growth. The average wine export amounts 777 million litres. Export price is 2.2 USD per a litre. Import of wine of the group amounts 1.74 milliard litres. The global market of wine has been passed through a severe crisis, which has been caused, mainly, by climatic conditions. Reduced yield of vineyards and wine production will unavoidably lead to increase of wine price and will significantly impoverish its supply on the market. Besides a saturated international market, the market of wine in the region-countries has been pretty stable and without major fluctuations.

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