EU: Sparkling Wine Market 2024

Sparkling Wine Market Size in the EU

In 2022, the EU sparkling wine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sparkling Wine Production in the EU

In value terms, sparkling wine production reached $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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in the near future.

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Sparkling Wine Exports

Exports in the EU

Sparkling wine exports expanded modestly to X litres in 2022, increasing by X% on 2021 figures. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, sparkling wine exports rose to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Italy was the key exporter of sparkling wine in the European Union, with the volume of exports accounting for X litres, which was near X% of total exports in 2022. France (X litres) held the second position in the ranking, followed by Spain (X litres). All these countries together took approx. X% share of total exports. Germany (X litres), Latvia (X litres) and Belgium (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sparkling wine exports from Italy stood at X%. At the same time, Latvia (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. While the share of Italy (X p.p.), Latvia (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest sparkling wine supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In France, sparkling wine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per litre, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2014 to 2022, the export prices failed to regain momentum.

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 ($X per litre), while Spain ($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.

Sparkling Wine Imports

Imports in the EU

In 2022, approx. X litres of sparkling wine were imported in the European Union; picking up by X% on 2021 figures. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, sparkling wine imports amounted to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Germany (X litres) and Belgium (X litres) represented roughly X% of total imports in 2022. Latvia (X litres) held the next position in the ranking, followed by France (X litres), Sweden (X litres), the Netherlands (X litres), Austria (X litres) and Lithuania (X litres). All these countries together held approx. X% share of total imports. The following importers - Poland (X litres), the Czech Republic (X litres), Italy (X litres), Spain (X litres) and Denmark (X litres) - together made up X% of total imports.

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

In value terms, the largest sparkling wine importing markets in the European Union were Germany ($X), Belgium ($X) and Italy ($X), together accounting for X% of total imports. The Netherlands, Sweden, Spain, Latvia, France, Denmark, Austria, Lithuania, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per litre in 2022, approximately reflecting the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per litre, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per litre), while France ($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