Switzerland: Wine Market 2024

Wine Market Size in Switzerland

The Swiss wine market contracted to $X in 2022, shrinking by X% against the previous year. The market 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 in certain years. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Wine Production in Switzerland

In value terms, wine production contracted sharply to $X in 2022 estimated in export price. In general, production continues to indicate a sharp setback. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wine Exports

Exports from Switzerland

In 2022, the amount of wine and grape must exported from Switzerland reduced slightly to X litres, dropping by X% against 2021 figures. In general, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X litres in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wine exports expanded significantly to $X in 2022. Overall, exports recorded a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X litres), Germany (X litres) and the UK (X litres) were the main destinations of wine exports from Switzerland, together accounting for X% of total exports. The United States, Italy, Japan, Hong Kong SAR, Spain, Belgium, the Netherlands, Denmark and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Hong Kong SAR ($X) constituted the largest markets for wine exported from Switzerland worldwide, together accounting for X% of total exports. The United States, Japan, Denmark, Germany, the Netherlands, Italy, Spain, China and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, 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, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per litre), while the average price for exports to Belgium ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Switzerland

After three years of growth, supplies from abroad of wine and grape must decreased by X% to X litres in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X litres, and then dropped in the following year.

In value terms, wine imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X litres), France (X litres) and Spain (X litres) were the main suppliers of wine imports to Switzerland, with a combined X% share of total imports. Portugal, Germany, South Africa and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest wine suppliers to Switzerland were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. Germany, Portugal, the United States and South Africa lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average wine import price amounted to $X per litre, waning 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 2021 an increase of X%. As a result, import price attained the peak level of $X per litre, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for South Africa ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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