Report Update Nov 1, 2024

Finland - Sparkling Wine - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Sparkling Wine Market 2024

Sparkling Wine Exports

Exports from Finland

In 2022, after two years of decline, there was significant growth in shipments abroad of sparkling wine, when their volume increased by 68% to X litres. Overall, exports showed a relatively flat trend pattern. The exports peaked at X litres in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sparkling wine exports surged to $X in 2022. In general, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Estonia (X litres) was the main destination for sparkling wine exports from Finland, accounting for a 70% share of total exports. Moreover, sparkling wine exports to Estonia exceeded the volume sent to the second major destination, Russia (X litres), sixfold. Germany (X litres) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-8.8% per year) and Germany (+16.4% per year).

In value terms, Estonia ($X) remains the key foreign market for sparkling wine exports from Finland, comprising 69% of total exports. The second position in the ranking was taken by Russia ($X), with a 12% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Estonia totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-9.9% per year) and Germany (+32.1% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29%. As a result, the export price reached the peak level of $X per litre, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Latvia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sparkling Wine Imports

Imports into Finland

Sparkling wine imports into Finland contracted to X litres in 2022, shrinking by -5.9% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 8% against the previous year. Over the period under review, imports reached the maximum at X litres in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sparkling wine imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X litres), Spain (X litres) and France (X litres) were the main suppliers of sparkling wine imports to Finland, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) were the largest sparkling wine suppliers to Finland, with a combined 91% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +12.5%, saw the highest growth rate of 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

The average sparkling wine import price stood at $X per litre in 2022, rising by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Germany ($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 (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparkling wine in the world?

The countries with the highest volumes of sparkling wine consumption in 2021 were the United States, India and the UK, together comprising 44% of global consumption.

What are the largest producers of sparkling wine in the world?

Italy remains the largest sparkling wine producing country worldwide, accounting for 29% of total volume. Moreover, sparkling wine production in Italy exceeded the figures recorded by the second-largest producer, France, twofold. India ranked third in terms of total production with a 14% share.

What are the leading suppliers of sparkling wine to Finland?

In value terms, France, Italy and Spain were the largest sparkling wine suppliers to Finland, together comprising 79% of total imports. These countries were followed by Sweden, Luxembourg, Chile and Germany, which together accounted for a further 16%.

What are the leading importers of sparkling wine from Finland?

In value terms, Estonia remains the key foreign market for sparkling wine exports from Finland, comprising 70% of total exports. The second position in the ranking was occupied by the Netherlands, with an 11% share of total exports. It was followed by Germany, with a 7.4% share.

What is the average export price for sparkling wine in Finland?

The average sparkling wine export price stood at $12 per litre in 2021, growing by 27% against the previous year.

What is the average import price for sparkling wine in Finland?

The average sparkling wine import price stood at $7.1 per litre in 2021, increasing by 12% against the previous year.

This report provides an in-depth analysis of the sparkling wine market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 11021130 - Champagne (important: excluding alcohol duty)
Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023