Moldova Still Wine Market: Industry Analysis and Forecast (2024-2030) by Type and Zone

Moldova Still Wine Market Definition:

The still wine market in Moldova is projected to experience significant growth due to increasing demand for wine globally. Several wineries in Moldova were built on the site of old limestone quarries that are still operational. The quarries crumbled once the Soviet Union fell apart, and vintners turned the tunnels into roads and naturally temperature-controlled underground cellars.

The Moldova still wine market is segmented on the basis of type and zone in which it is produced. On the basis of type the Moldova still wine market is further segmented into Red Wine, White Wine and Table Wine. On the basis of zone, the Moldova still wine market is further segmented into B?l?i (Northern Zone), Codru (Central Zone), Purcari (South Eastern Zone) and Cahul (Southern Zone).

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Moldova Still Wine Market Dynamics:

The country has the world's highest density of vineyards, which cover 3.8 % of its area and 7% of its arable land. Moldova, situated between Ukraine and Romania, has long been one of Eastern Europe's most important wine-producing countries, because to its mild climate and excellent soil. In a country just 33,846 square kilometres in size (little larger than Belgium) with a population of 2.6 million people, it has a stunning 89,768 vineyards and 331 wineries. In 2019, Moldova exported 156,674 million litres of wine, up 12,607 million litres from 2018. According to Moldovan government data, the top three export destinations for Moldovan wines in 2018 were Romania with 13.8 % (6.07 million litres), Poland with 12.8 % (5.63 million litres), and Russia with 12.7 % (5.6 million litres).

Bulk wine exports increased significantly in 2019, reaching 108,002 million litres, accounting for 70% of total volume. Wine is Moldova's third most exported product, after insulated wire and sunflower seeds, and the country shipped $137 million in wine in 2019, making it the world's 20th largest wine exporter. Belarus, Russia, Europe, and China are its most important markets. Moldovan wines are distinguished by grapes such as Feteaska Alba, Feteaska Regala, Rara Neagra, and Viorica. In Moldova, the Georgian Saperavi is projected to grow significantly during the forecast period. According to the National Office of Vine and Wine (ONVV), 842 prizes were granted to Moldovan bottled wines in 43 international specialised competitions.

The COVID-19 epidemic has had a severe impact on the global wine industry, particularly in Moldova. According to the Ministry of Agriculture, Regional Development and Environment's (MADRM) National Office of Vine and Wine and Policy Service in the Wine Sector, Moldovan wine exports in 2020 dropped by 30-50 % compared to 2019. Moldovan wine exports declined by 9% in March 2020 when compared to the same time in 2019. The primary reasons for the predicted reduction are logistical restrictions caused by quarantine measures, decreased demand in conventional markets, and the postponement or cancellation of wine advertising activities (presentations, openings, launches, etc.). Unfortunately, the pandemic struck just as Moldovan viticulture was beginning to emerge from a systemic crisis, exacerbated by multiple Russian embargoes on Moldovan wine imports in earlier years.

Moldova Still Wine Market Segment Analysis:

On the basis of type, red wine dominates the Moldovan still wine market as the grapes for red wine production are grown the most in that region. Additionally Red wine tends to be the rare and high quality of wine and hence the price of red wine is also high.

On the basis of zone, Cahul (Southern Zone) is expected to dominate the Moldova still wine market as it is deemed as most important region in the country. The red wines from this region have a deeper color, ranging from pomegranate red to cherry red, and fruity smells, as well as a well-structured, round velvety taste and a lingering aftertaste. Black grained vines, which are cultivated on the region's slopes, account for 60% of the total area reported for the production of PGI (Protected Geographical Indication) wine products, while grained vines account for 40% of the entire area. The most common grape varieties are Cabernet Sauvignon, Merlot, Sauvignon Blanc, and Chardonnay.

The objective of the report is to present a comprehensive analysis of the Moldova Still Wine market to the stakeholders in the industry. The report provides trends that are most dominant in the Moldova Still Wine market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Moldova Still Wine Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Moldova Still Wine market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Moldova Still Wine market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Moldova Still Wine market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Moldova Still Wine market. The report also analyses if the Moldova Still Wine market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Moldova Still Wine market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Moldova Still Wine market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Moldova Still Wine market is aided by legal factors.

Moldova Still Wine Market Scope:

Moldova Still Wine Market Key Players:  

• Acorex Wine Holding
• Vinaria Bostavan
• Chateau Vartely
• DK-Intertrade
• Dionysos-Mereni
• Lion-Gri
• Vinaria Purcari
• Aroma
• Cricova
• Rom?ne?ti