Europe: Wine Market 2024

Wine Market Size in Europe

For the third consecutive year, the Europe wine market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Wine Production in Europe

In value terms, wine production expanded markedly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports in Europe

In 2022, approx. X litres of wine and grape must were exported in Europe; shrinking by X% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres, and then declined modestly in the following year.

In value terms, wine exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell 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), achieving a X% share of total exports. Portugal (X litres), Belgium (X litres) and Hungary (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 Europe were France ($X), Italy ($X) and Spain ($X), together comprising X% of total exports. Germany, Portugal, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Belgium, with a CAGR of X%, 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 Europe stood at $X per litre in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: 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 Europe

In 2022, the amount of wine and grape must imported in Europe reduced to X litres, with a decrease of X% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X litres in 2014; however, from 2015 to 2022, imports failed to regain momentum.

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 only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X litres) and the UK (X litres) were the largest importers of wine and grape must in 2022, amounting to near X% and X% of total imports, respectively. It was distantly followed by France (X litres), the Netherlands (X litres), Russia (X litres) and Belgium (X litres), together generating a X% share of total imports. Portugal (X litres), Italy (X litres), Sweden (X litres), Denmark (X litres), Switzerland (X litres), the Czech Republic (X litres) and Poland (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Belgium, Switzerland, France, Sweden, Denmark, Russia, Italy, Poland, the Czech Republic and Portugal lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, saw the highest rates of growth with regard to 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 Europe amounted to $X per litre, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per litre, and then fell modestly 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 Switzerland ($X per litre), while Portugal ($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