Eastern Europe: Wine Market 2024

Wine Market Size in Eastern Europe

The East European wine market expanded notably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wine Production in Eastern Europe

In value terms, wine production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Wine Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of wine and grape must, when their volume decreased by X% to X litres. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X litres in 2021, and then declined in the following year.

In value terms, wine exports declined modestly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

Hungary (X litres), Latvia (X litres), Moldova (X litres) and Lithuania (X litres) represented roughly X% of total exports in 2022. It was distantly followed by Slovakia (X litres), mixing up a X% share of total exports. The following exporters - Romania (X litres) and Bulgaria (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, the largest wine supplying countries in Eastern Europe were Latvia ($X), Lithuania ($X) and Moldova ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per litre, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Latvia ($X per litre), while Slovakia ($X per litre) was amongst the lowest.

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

Wine Imports

Imports in Eastern Europe

In 2022, approx. X litres of wine and grape must were imported in Eastern Europe; declining by X% against 2021. Overall, imports recorded a mild slump. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked at X litres in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wine imports declined markedly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Russia was the main importing country with an import of around X litres, which recorded X% of total imports. The Czech Republic (X litres) took the second position in the ranking, followed by Poland (X litres), Latvia (X litres), Lithuania (X litres), Slovakia (X litres) and Romania (X litres). All these countries together held near X% share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Poland (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic, Romania and Lithuania experienced a relatively flat trend pattern. From 2012 to 2022, the share of Latvia, Poland and the Czech Republic increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported wine and grape must in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Russia, wine imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Latvia (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per litre in 2022, declining by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per litre in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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