EU: Champagne Market 2024

Champagne Market Size in the EU

In 2021, after two years of decline, there was growth in the EU champagne market, when its value increased by less than 0.1% to $X. Over the period under review, consumption saw a pronounced reduction. The pace of growth was the most pronounced in 2018 when the market value increased by 5.6%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Champagne Production in the EU

In value terms, champagne production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Champagne Exports

Exports in the EU

In 2021, approx. X tons of champagne were exported in the European Union; increasing by 27% on 2020. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, champagne exports skyrocketed to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2021. The Netherlands (X tons) held a little share of total exports.

France experienced a relatively flat trend pattern with regard to volume of exports of champagne. At the same time, the Netherlands (+7.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.7% from 2012-2021. While the share of France (-2.1 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest champagne supplier in the European Union, comprising 91% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.4% share of total exports.

In France, champagne exports increased at an average annual rate of +5.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.6%).

Champagne Imports

Imports in the EU

In 2021, overseas purchases of champagne increased by 33% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, champagne imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of champagne imports in 2021 were Germany (X tons), Belgium (X tons) and Italy (X tons), together amounting to 50% of total import. The Netherlands (X tons) held the next position in the ranking, followed by Spain (X tons) and Sweden (X tons). All these countries together took approx. 24% share of total imports. Denmark (X tons), France (X tons), Luxembourg (X tons), Austria (X tons), Latvia (X tons) and Ireland (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 51% of total imports. The Netherlands, Spain, Denmark, Sweden, Austria, Latvia, Luxembourg, France and Ireland lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Latvia, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 4.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the import price increased by 9.2% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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