Austria: Sparkling Wine Market 2024

Sparkling Wine Market Size in Austria

The Austrian sparkling wine market soared to $X in 2023, surging by X% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Sparkling wine consumption peaked in 2023 and is likely to see steady growth in the near future.

Sparkling Wine Production in Austria

In value terms, sparkling wine production amounted to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Sparkling wine production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Sparkling Wine Exports

Exports from Austria

In 2023, shipments abroad of sparkling wine increased by X% to X litres, rising for the third year in a row after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X litres in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, sparkling wine exports fell to $X in 2023. Over the period under review, exports saw tangible growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

The Czech Republic (X litres), Switzerland (X litres) and Germany (X litres) were the main destinations of sparkling wine exports from Austria, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Switzerland ($X) constituted the largest markets for sparkling wine exported from Austria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 sparkling wine export price stood at $X per litre in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per litre in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Slovenia ($X per litre), while the average price for exports to Switzerland ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Austria

For the third consecutive year, Austria recorded growth in purchases abroad of sparkling wine, which increased by X% to X litres in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, sparkling wine imports surged to $X in 2023. In general, total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in years to come.

Imports by Country

Italy (X litres), Germany (X litres) and France (X litres) were the main suppliers of sparkling wine imports to Austria, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sparkling wine suppliers to Austria were France ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of 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 average sparkling wine import price stood at $X per litre in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform