EU: Wine Market 2024

Wine Market Size in the EU

In 2022, the EU wine market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wine Exports

Exports in the EU

Wine exports contracted modestly to X litres in 2022, with a decrease of X% compared with 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres, and then contracted slightly in the following year.

In value terms, wine exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced 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), generating a X% share of total exports. Portugal (X litres), Belgium (X litres), Hungary (X litres) and the Netherlands (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wine supplying countries in the European Union were France ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. Germany, Portugal, Belgium, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per litre, leveling off at 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 expected to retain growth in the near future.

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, purchases abroad of wine and grape must decreased by X% to X litres in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X litres, and then dropped in the following year.

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

Imports by Country

In 2022, Germany (X litres), distantly followed by France (X litres), the Netherlands (X litres), Belgium (X litres), Portugal (X litres) and Italy (X litres) were the key importers of wine and grape must, together committing X% of total imports. Sweden (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.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Portugal (X%), Poland (X%), Sweden (X%), Ireland (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. France, the Czech Republic, Lithuania and Denmark experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Portugal (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wine importing markets in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports. France, Sweden, Denmark, Italy, Latvia, Poland, Ireland, Lithuania, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per litre, waning 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 2021 an increase of X%. As a result, import price attained the peak level of $X per litre, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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