Switzerland: Wine Market 2024

Wine Market Size in Switzerland

After two years of decline, the Swiss wine market increased by 19% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wine Production in Switzerland

In value terms, wine production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 61%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Wine Exports

Exports from Switzerland

In 2021, wine exports from Switzerland surged to X litres, with an increase of 15% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 30%. Over the period under review, the exports attained the maximum at X litres in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wine exports soared to $X in 2021. Over the period under review, exports, however, recorded a perceptible setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X litres), France (X litres) and the UK (X litres) were the main destinations of wine exports from Switzerland, together accounting for 49% of total exports. These countries were followed by Spain, Italy, the United States, Japan, Argentina, Belgium, Hong Kong SAR, the Netherlands, China and Austria, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +60.7%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for wine exports from Switzerland, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.1% per year) and Hong Kong SAR (-5.6% per year).

Export Prices by Country

The average wine export price stood at $X per litre in 2021, growing by 22% against the previous year. Overall, the export price, however, saw a slight slump. Over the period under review, the average export prices reached the maximum at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wine Imports

Imports into Switzerland

In 2021, approx. X litres of wine were imported into Switzerland; growing by 4% on 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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 79% share of total imports. These countries were followed by Portugal, Germany, South Africa, the United States and Argentina, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +4.8%), 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), together accounting for 84% of total imports. Germany, Portugal, the United States, Argentina and South Africa lagged somewhat behind, together accounting for a further 10%.

Portugal, with a CAGR of +5.0%, 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 2021, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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