Introduction
I decided to export grape wine outside Georgia. The countries under consideration wereLebanon and UAE.
Wine is an alcoholic beverage. There are many sources which can be used to make wine like grapes, plum, cherry and etc. I decide to made grapes wine for the export purpose. Grapes mainly fermented without the addition of sugar, acids, enzymes, water or any other nutrients. Different style of grapes and ferments produced different varieties of grape wine. Throughout the history, people used wine due to its intoxicating effects.
Biggest exporter and importer of grape wine are listed below: (World's Richest Countries)
Exporter | Importers |
· Italy
· Spain · France · Unites States · China · Etc. |
· United States
· Germany · China · Canada · Belgium · Etc. |
I intended to package my product in two different ways:
Option 1: Tin pack Option 2: Small bottle
Outline for Chosen Country profiles
I intended to export my product in a country. For this, I considered two countries Lebanon (with capital Beirut) or UAE (with capital Abu Dhabi). Both countries are situated near Georgia therefore are easily accessible.
International Marketing Plan Harvard Case Solution & Analysis
Lebanon | UAE | |
Political System
Location |
Consociationalism | Monarchies |
Western Asia
Boundaries: Syria, Israel, Cyprus, Mediterranean Sea |
Western Asia
Boundaries: Oman, Saudi Arabia, Qatar, Iran |
|
Size | 10452km2 | 67340km2 |
Population | 4.125million | 9.2million |
Capital | Beirut | Abu Dhabi |
Climate | January-13°C
July- 27°C |
January-12°C
July-45°C |
GDP per capita ($) | $11615 | $40162 |
GDP Growth rate | 0.80% | 3.90% |
Country indexes
Ease of doing business index |
Political Risk Index-40
Political Stability Index- Foreign Investment- Life satisfaction-186.67 Happy planet- |
Political Risk Index-87
Political Stability Index- Foreign Investment- Life Satisfaction-246.67 Happy planet- |
126 | 26 | |
The good country ranking
(overall) |
76th place | 22nd place |
Market and Its analysis
Lebanon | UAE | |
Industry Boundary | Grapes Wine | |
Unit of Analysis | Individual | |
Geographical Scope | Beirut | Abu Dhabi, Dubai & Sharjah |
Demographic Scope | ||
Maximum number of potential customers | 3465000 | 45000000
|
Current market demand | 2475000 | 35000000 |
Market Development Index | (2475000/3465000)*100=71% | (35000000/45000000)*100=77% |
Average wine price | $20 | $19 |
Average annual growth rate | Stable market, low growth | Growing market as an average rate of 9% |
Product life cycle | Product is in growth phase | Product is in growth phase |
Seasonality | Grape wines are available throughout the year but high season in winter |
I have chosen UAE for the export of grape wine. Due to the following reasons:
- The consumption rate of wine in UAE is almost twice as compared with theGlobal rate of consumption. A single person consumes approximately 8-liter wine per year in UAE.
- UAE is easily accessible from Georgia.
- Ease of doing business index is in improving phase and improved by 8 points in last year.
- The climate of UAE is stable for grape wine.
- MDI is 77% which indicates that the market is in the growing phase hence my product can capture amarket share.
- The average growth rate of UAE is much better than Lebanon which indicates that there ispotential of growth in wine market ofUAE.(Manoukian, 2012)
(Thomas, 2014).............................
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