United Kingdom - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in the UK - 2023
Contents:
- Sparkling Wine Price in the UK (CIF) - 2023
- Sparkling Wine Price in the UK (FOB) - 2022
- Sparkling Wine Imports in the UK
- Sparkling Wine Exports in the UK
Sparkling Wine Price in the UK (CIF) - 2023
In June 2023, the average sparkling wine import price amounted to $8.0 per litre, approximately equating the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 21% against the previous month. Over the period under review, average import prices reached the maximum at $8.7 per litre in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($26.7 per litre), while the price for Spain ($3.5 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Sparkling Wine Price in the UK (FOB) - 2022
In 2022, the average sparkling wine export price amounted to $18 per litre, reducing by -10.8% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sparkling wine export price increased by +52.4% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $20 per litre in 2021, and then fell in the following year.
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 Japan ($103 per litre), while the average price for exports to South Africa ($3.9 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 Japan (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sparkling Wine Imports in the UK
Sparkling wine imports into the UK shrank markedly to 168M litres in 2022, declining by -51.3% on 2021 figures. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of 345M litres, and then reduced sharply in the following year.
In value terms, sparkling wine imports reduced remarkably to $1.3B in 2022. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $2.1B, and then declined significantly in the following year.
| Import of Sparkling Wine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 485 | 412 | 527 | 658 | 10.7% |
| Italy | 383 | 338 | 369 | 526 | 11.2% |
| Spain | 33.4 | 36.4 | 44.3 | 51.2 | 15.3% |
| Others | 963 | 841 | 1,170 | 18.0 | -73.5% |
| Total | 1,865 | 1,628 | 2,111 | 1,253 | -12.4% |
Top Suppliers of Sparkling Wine to the UK in 2022:
- Italy (122.0M litres)
- France (27.7M litres)
- Spain (15.3M litres)
Sparkling Wine Exports in the UK
For the third year in a row, the UK recorded decline in shipments abroad of sparkling wine, which decreased by -20.9% to 4.2M litres in 2022. Overall, exports faced a precipitous curtailment. The smallest decline of -6.8% was in 2021. Over the period under review, the exports reached the peak figure at 8.2M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, sparkling wine exports shrank notably to $76M in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 7.9%. Over the period under review, the exports attained the peak figure at $132M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Sparkling Wine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.4 | 4.3 | 8.7 | 14.2 | 14.7% |
| Hong Kong SAR | 15.5 | 11.3 | 11.4 | 11.5 | -9.5% |
| United States | 8.9 | 7.6 | 7.5 | 7.8 | -4.3% |
| Denmark | 1.0 | 1.0 | 2.4 | 6.4 | 85.7% |
| Belgium | 0.2 | 0.1 | 1.6 | 6.3 | 215.8% |
| France | 4.4 | 4.1 | 2.3 | 6.2 | 12.1% |
| Norway | 0.9 | 1.9 | 2.3 | 2.7 | 44.2% |
| China | 0.3 | 0.2 | 1.0 | 1.9 | 85.0% |
| Netherlands | 3.5 | 2.3 | 1.1 | 1.2 | -30.0% |
| Ireland | 5.3 | 4.0 | 3.2 | 1.2 | -39.1% |
| United Arab Emirates | 0.2 | N/A | N/A | 1.0 | 71.0% |
| Sweden | 1.4 | 0.3 | 0.4 | 0.8 | -17.0% |
| South Africa | 0.4 | 0.2 | 0.1 | 0.5 | 7.7% |
| Others | 80.3 | 61.8 | 64.9 | 13.8 | -44.4% |
| Total | 132 | 99.2 | 107 | 75.6 | -17.0% |
Top Export Markets for Sparkling Wine from the UK in 2022:
- Belgium (1070.2K litres)
- Denmark (795.4K litres)
- France (238.5K litres)
- China (224.2K litres)
- Hong Kong SAR (165.0K litres)
- Netherlands (157.3K litres)
- United Arab Emirates (149.7K litres)
- Japan (138.7K litres)
- South Africa (132.5K litres)
- Norway (117.4K litres)
- Ireland (113.0K litres)
- United States (97.0K litres)
- Sweden (86.2K litres)
This report provides an in-depth analysis of the sparkling wine market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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