Wine Market Overview in Turkmenistan
In value terms, wine production reached $ in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of % year-to-year. Wine production peaked at $ in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
The value of the wine market in Turkmenistan reached $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.