Eastern Europe: Wine Market 2024

Wine Market Size in Eastern Europe

The East European wine market totaled $X in 2021, remaining constant against the previous year. In general, consumption, however, saw a noticeable shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Wine Production in Eastern Europe

In value terms, wine production fell to $X in 2021 estimated in export price. In general, production, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2013 with an increase of 13%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Wine Exports

Exports in Eastern Europe

In 2021, approx. X litres of wine were exported in Eastern Europe; picking up by 4.9% on the previous year. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, wine exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +105.4% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 30%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Moldova (X litres), Latvia (X litres), Hungary (X litres), Slovakia (X litres) and Lithuania (X litres) was the largest exporter of wine in Eastern Europe, mixing up 83% of total export. The following exporters - Bulgaria (X litres) and Poland (X litres) - each finished at a 7.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of +26.5%), 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 63% share of total exports. These countries were followed by Hungary, Poland, Slovakia and Bulgaria, which together accounted for a further 24%.

Among the main exporting countries, Poland, with a CAGR of +28.1%, recorded 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

The export price in Eastern Europe stood at $X per litre in 2021, growing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 an increase of 21%. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.8%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in Eastern Europe

Wine imports expanded rapidly to X litres in 2021, picking up by 6.1% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X litres in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, wine imports expanded markedly to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.1% against 2015 indices. The pace of growth was the most pronounced in 2017 when imports increased by 26%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Russia represented the main importing country with an import of about X litres, which accounted for 31% of total imports. Poland (X litres) ranks second in terms of the total imports with a 13% share, followed by the Czech Republic (12%), Latvia (9.3%), Lithuania (8.2%), Ukraine (6.2%), Slovakia (5.5%), Belarus (5.5%) and Romania (4.6%).

Imports into Russia decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, Latvia (+22.9%), Poland (+5.7%), Ukraine (+5.1%), Slovakia (+4.7%) and Belarus (+2.8%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +22.9% from 2012-2021. Romania and Lithuania experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Latvia, Poland, Ukraine, Slovakia and Belarus increased by +7.9, +5.8, +2.5, +2.2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported wine in Eastern Europe, comprising 38% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Latvia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +1.8%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+7.6% per year) and Latvia (+24.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per litre, surging by 7.4% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wine import price increased by +87.7% against 2015 indices. The growth pace was the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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