Greece: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Greece

The Greek grape wine spirits market dropped modestly to $X in 2022, falling by -1.5% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Grape Wine Spirits Production in Greece

In value terms, grape wine spirits production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Grape Wine Spirits Exports

Exports from Greece

In 2022, exports of spirits obtained from distilled grape wine or grape marc from Greece shrank slightly to X litres, dropping by -3.6% on 2021. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grape wine spirits exports shrank to $X in 2022. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of 46%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X litres) was the main destination for grape wine spirits exports from Greece, accounting for a 41% share of total exports. Moreover, grape wine spirits exports to Germany exceeded the volume sent to the second major destination, the United States (X litres), threefold. Cyprus (X litres) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.4% per year) and Cyprus (+10.3% per year).

In value terms, Germany ($X) remains the key foreign market for spirits obtained from distilled grape wine or grape marc exports from Greece, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Cyprus, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and Cyprus (+15.1% per year).

Export Prices by Country

The average grape wine spirits export price stood at $X per litre in 2022, dropping by -1.8% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grape wine spirits export price increased by +45.5% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure at $X per litre in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per litre), while the average price for exports to France ($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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Grape Wine Spirits Imports

Imports into Greece

Grape wine spirits imports into Greece totaled X litres in 2022, stabilizing at 2021. Overall, imports posted slight growth. The most prominent rate of growth was recorded in 2015 with an increase of 90%. Imports peaked at X litres in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X litres) constituted the largest supplier of grape wine spirits to Greece, accounting for a 56% share of total imports. Moreover, grape wine spirits imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), threefold. The third position in this ranking was held by Cyprus (X litres), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+42.0% per year) and Cyprus (+117.2% per year).

In value terms, the largest grape wine spirits suppliers to Greece were the Netherlands ($X), France ($X) and Cyprus ($X), together comprising 81% of total imports.

Among the main suppliers, Cyprus, with a CAGR of +119.3%, 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

In 2022, the average grape wine spirits import price amounted to $X per litre, growing by 16% against the previous year. Overall, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2021 an increase of 46%. Over the period under review, average import prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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