Greece: Wine Market 2024

Wine Market Size in Greece

The Greek wine market skyrocketed to $X in 2022, increasing by X% against the previous year. The market 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. Wine consumption peaked in 2022 and is likely to continue growth in the near future.

Wine Production in Greece

In value terms, wine production surged to $X in 2022 estimated in export price. The total output 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 growth pace was the most rapid in 2018 when the production volume increased by X%. Wine production peaked in 2022 and is expected to retain growth in the immediate term.

Wine Exports

Exports from Greece

In 2022, overseas shipments of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. In general, exports, however, saw a slight setback. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wine exports stood at $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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X litres) was the main destination for wine exports from Greece, with a X% share of total exports. Moreover, wine exports to Germany exceeded the volume sent to the second major destination, France (X litres), threefold. The third position in this ranking was held by the United States (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, the largest markets for wine exported from Greece were Germany ($X), the United States ($X) and Canada ($X), together comprising X% of total exports. Cyprus, the UK, France, Belgium, the Netherlands, Austria and Italy lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, dropping by X% against 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 an increase of X%. The export price peaked at $X per litre in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per litre), while the average price for exports to France ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Greece

In 2022, the amount of wine and grape must imported into Greece declined slightly to X litres, with a decrease of X% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wine imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Italy (X litres) constituted the largest wine supplier to Greece, accounting for a X% share of total imports. Moreover, wine imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X litres), twofold. France (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

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

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

Import Prices by Country

The average wine import price stood at $X per litre in 2022, surging by X% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum 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 ($X per litre), while the price for North Macedonia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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