Ireland: Wine Market 2024

Wine Market Size in Ireland

The Irish wine market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Wine Production in Ireland

In value terms, wine production reached $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Wine production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports from Ireland

In 2022, shipments abroad of wine and grape must was finally on the rise to reach X litres for the first time since 2018, thus ending a three-year declining trend. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports skyrocketed to $X in 2022. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X litres) was the main destination for wine exports from Ireland, accounting for a X% share of total exports. Moreover, wine exports to France exceeded the volume sent to the second major destination, the UK (X litres), threefold. The Netherlands (X litres) ranked third in terms of total exports with a X% share.

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

In value terms, the UK ($X), France ($X) and the Netherlands ($X) constituted the largest markets for wine exported from Ireland worldwide, together accounting for X% of total exports. Spain, Hungary and Belgium lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X.2%, saw the highest rates of growth with regard to 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

The average wine export price stood at $X per litre in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to Hungary ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Ireland

In 2022, approx. X litres of wine and grape must were imported into Ireland; standing approx. at the year before. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X litres in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wine imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X litres), Chile (X litres) and Italy (X litres) were the main suppliers of wine imports to Ireland, together accounting for X% of total imports. Spain, Australia, Germany, New Zealand, the UK and South Africa lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Chile ($X) and Italy ($X) were the largest wine suppliers to Ireland, with a combined X% share of total imports. New Zealand, Spain, Australia, the UK, Germany and South Africa lagged somewhat behind, together comprising a further X%.

Among the main suppliers, New Zealand, with a CAGR of X%, saw 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

The average wine import price stood at $X per litre in 2022, falling by X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 New Zealand ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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