Spain: Champagne Market 2024

Champagne Market Size in Spain

In 2021, the Spanish champagne market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Champagne Exports

Exports from Spain

In 2021, approx. X tons of champagne were exported from Spain; growing by 38% on 2020. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 127%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, champagne exports soared to $X in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 123%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for champagne exports from Spain, with a 31% share of total exports. Moreover, champagne exports to the Netherlands exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands totaled +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+71.6% per year) and the United States (+17.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for champagne exports from Spain, comprising 32% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+72.1% per year) and Hong Kong SAR (+79.2% per year).

Export Prices by Country

The average champagne export price stood at $X per ton in 2021, rising by 21% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, champagne export price decreased by -18.5% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Champagne Imports

Imports into Spain

In 2021, purchases abroad of champagne was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, champagne imports soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) was the main champagne supplier to Spain, accounting for a 97% share of total imports. It was followed by Germany (X tons), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.2% per year) and Italy (-14.8% per year).

In value terms, France ($X) constituted the largest supplier of champagne to Spain, comprising 96% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and Italy (-19.5% per year).

Import Prices by Country

The average champagne import price stood at $X per ton in 2021, which is down by -9.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 an increase of 51%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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