Europe: Wine Market 2024

Wine Market Size in Europe

The Europe wine market rose rapidly to $X in 2022, increasing 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 remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Wine Production in Europe

In value terms, wine production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

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Wine Exports

Exports in Europe

In 2022, wine exports in Europe declined slightly to X litres, waning by X% compared with 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports declined slightly to $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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, Italy (X litres) and Spain (X litres) were the main exporters of wine and grape must in Europe, together finishing at approx. X% of total exports. France (X litres) took the next position in the ranking, distantly followed by Germany (X litres). All these countries together held approx. X% share of total exports. Portugal (X litres), Belgium (X litres) and Hungary (X litres) followed a long way behind the leaders.

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

In value terms, France ($X), Italy ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Germany, Portugal, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Belgium, 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

In 2022, the export price in Europe amounted to $X per litre, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per litre), while Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in Europe

In 2022, overseas purchases of wine and grape must decreased by X% to X litres, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X litres. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wine imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X litres) and the UK (X litres) represented the key importers of wine and grape must in Europe, together achieving X% of total imports. It was distantly followed by France (X litres), the Netherlands (X litres), Belgium (X litres) and Russia (X litres), together constituting a X% share of total imports. Portugal (X litres), Sweden (X litres), Italy (X litres), Denmark (X litres), Switzerland (X litres), the Czech Republic (X litres) and Poland (X litres) followed a long way behind the leaders.

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

In value terms, the largest wine importing markets in Europe were the UK ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total imports. Belgium, Switzerland, France, Russia, Sweden, Denmark, Italy, Poland, the Czech Republic and Portugal lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Portugal, 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 import price in Europe stood at $X per litre in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per litre, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per litre), while Portugal ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform