EU: Wine Market 2024

Wine Market Size in the EU

The EU wine market was estimated at $X in 2021, remaining stable against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wine Production in the EU

In value terms, wine production amounted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Wine Exports

Exports in the EU

In 2021, approx. X litres of wine were exported in the European Union; growing by 10% against the year before. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine exports soared to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Spain (X litres), Italy (X litres) and France (X litres) represented the key exporter of wine in the European Union, making up 80% of total export. It was distantly followed by Germany (X litres), comprising a 4.9% share of total exports. Portugal (X litres), Belgium (X litres) and the Netherlands (X litres) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +21.1%), 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 83% of total exports. These countries were followed by Germany, Portugal, Belgium and the Netherlands, which together accounted for a further 12%.

Belgium, with a CAGR of +15.8%, 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

In 2021, the export price in the European Union amounted to $X per litre, surging by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2013 an increase of 13%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per litre), while Spain ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in the EU

In 2021, the amount of wine imported in the European Union reached X litres, picking up by 4% against the previous year. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 4.1%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, wine imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X litres) represented the main importer of wine, mixing up 30% of total imports. France (X litres) ranks second in terms of the total imports with a 12% share, followed by the Netherlands (9.6%), Belgium (7.7%), Italy (5.5%) and Portugal (5.4%). Denmark (X litres), Sweden (X litres), Poland (X litres), the Czech Republic (X litres), Latvia (X litres), Lithuania (X litres) and Ireland (X litres) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of wine. At the same time, Latvia (+22.9%), Portugal (+11.8%), Poland (+5.7%), Sweden (+4.2%), Ireland (+3.0%), the Netherlands (+2.2%) and Belgium (+2.2%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +22.9% from 2012-2021. Denmark, Italy, France 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 Portugal and Latvia increased by +3.2 and +1.9 percentage points, respectively. 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 50% share of total imports. France, Denmark, Sweden, Italy, Poland, Latvia, Ireland, Lithuania, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 39%.

Among the main importing countries, Latvia, with a CAGR of +24.2%, 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 litre, picking up by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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