What is the price of wine per kilogram/pound in Cyprus today?
The retail price range for Cyprus wine is between US$ 6.75 and US$ 57.97 per kilogram or between US$ 3.06 and US$ 26.29 per pound(lb). Click here to see today's exact prices of wine in Cyprus
The retail price range in Euro for wine is between EUR 6.24 and EUR 53.57 per kilogram or between EUR 2.83 and EUR 24.29 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus wine is between US$ 4.73 and US$ 40.58 per kilogram or between US$ 2.14 and US$ 18.40 per pound(lb).
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Cyprus Wine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Wine from Cyprus over the last five years has seen a steady increase. In 2017, the price was 2.94 US dollars per kg, and in 2021 it was 4.43 US dollars per kg. The highest price was in 2020, when it was 5.00 US dollars per kg. The lowest price was in 2015, when it was 1.92 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Wine from Cyprus in 2023 will be 4.99 US dollars per kg, and in 2024 it will be 2.48 US dollars per kg.The Cyprus wine exports are categorised as:
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
- Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
- Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
- Sparkling wine of fresh grapes (HS code 220410)
Cyprus Wine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Wine into Cyprus has seen a steady increase over the last five years. In 2017, the price was 2.94 US dollars per kg, and this increased to 4.17 US dollars per kg in 2018. In 2019, the price dropped slightly to 3.68 US dollars per kg, before increasing again to 5.00 US dollars per kg in 2020. The price then decreased to 4.43 US dollars per kg in 2021, before dropping again to 1.99 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Wine into Cyprus will continue to fluctuate in the coming years. We can predict that the price will increase to around 4.50 US dollars per kg in 2023, and then decrease to around 3.50 US dollars per kg in 2024.Export values for Cyprus wine
The total values in export for wine in Cyprus were US$ 1,440, US$ 1,450, US$ 2,976 and US$ 2,479 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cyprus: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of wine in other countries across Middle East: Bahrain wine, Cyprus wine, Iraq wine, Israel wine, Jordan wine, Kuwait wine, Lebanon wine, Palestine wine, Oman wine & Qatar wine.
Cyprus wine - Production, Exports, Imports, Seasons and HS Codes
The volume of wine shipped by Cyprus in 2020 was 246 tonnes. In 2019 Cyprus exported 674 tonnes of wine. In 2019 alone, the market for Cyprus wine (processed category) has gone down, changing by -5.47 pc compared to the year 2018. Between 2017 and 2019, wine's exports grew by 36.71 pc netting the nation US$2.48m for the year 2019. Cyprus' wine exports are classified as:
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
- Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
- Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
- Sparkling wine of fresh grapes (HS code 220410)
- Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
- Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
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Cyprus wine export values
In 2019, Cyprus shipped wine valued at 2.48m USD, a reduction of -16.67% from 2018's total wine export of 2.976m USD. The yearly reduction in value of Cyprus wine between 2017 to 2018 was 105.241 per cent.
The per year change in the quantity of Cyprus' wine exports between 2017 and 2019 was 36.71 pc when compared to a variation of -5.47% in the growth rate between 2018 and 2019.
Export markets for Cyprus wine ( in '000$ )
Cyprus' top export markets for wine are Kenya, China, Finland, Estonia and United Kingdom (UK).
Cyprus procured 10,310 tonnes of wine in 2019.