EU: Wine Market 2024

Wine Market Size in the EU

The EU wine market rose markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Wine Production in the EU

In value terms, wine production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Wine Exports

Exports in the EU

In 2022, exports of wine in the European Union dropped modestly to X litres, waning by X% against 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X litres, and then reduced slightly in the following year.

In value terms, wine exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

Italy (X litres), Spain (X litres) and France (X litres) represented roughly X% of total exports in 2022. It was distantly followed by Germany (X litres) and Portugal (X litres), together mixing up a X% share of total exports. The following exporters - Hungary (X litres) and Latvia (X litres) - each finished at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Germany, Portugal, Latvia and Hungary lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per litre in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per litre), while Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in the EU

After two years of growth, overseas purchases of wine decreased by X% to X litres in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X litres, and then declined modestly in the following year.

In value terms, wine imports shrank to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Germany (X litres) represented the largest importer of wine, generating X% of total imports. France (X litres) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), Belgium (X%) and Portugal (X%). Sweden (X litres), Italy (X litres), Denmark (X litres), the Czech Republic (X litres), Poland (X litres), Latvia (X litres), Lithuania (X litres) and Ireland (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wine imports into Germany stood at X%. At the same time, Latvia (X%), Portugal (X%), Poland (X%), Belgium (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Ireland, the Czech Republic, France, Lithuania, Sweden and Denmark experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Portugal and Latvia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported wine in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per litre, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per litre in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per litre), while Portugal ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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