EU: Wine Market 2024

Wine Market Size in the EU

The EU wine market expanded sharply to $X in 2022, with an increase of 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 throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Wine Production in the EU

In value terms, wine production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Wine Exports

Exports in the EU

In 2022, wine exports in the European Union dropped to X litres, with a decrease of X% against the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X litres, and then declined modestly in the following year.

In value terms, wine exports fell slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

Italy (X litres) and Spain (X litres) represented roughly X% of total exports in 2022. It was distantly followed by France (X litres), Germany (X litres) and Portugal (X litres), together constituting a X% share of total exports. The following exporters - Belgium (X litres) and Hungary (X litres) - each recorded a X% share of total exports.

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

In value terms, the largest wine supplying countries in the European Union were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total exports. Germany, Portugal, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per litre in 2022, surging by X% against 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 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 the EU

In 2022, supplies from abroad of wine and grape must decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X litres. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wine imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Germany represented the largest importer of wine and grape must in the European Union, with the volume of imports reaching X litres, which was approx. X% of total imports in 2022. France (X litres) held the second position in the ranking, followed by the Netherlands (X litres), Belgium (X litres) and Portugal (X litres). All these countries together held approx. X% share of total imports. The following importers - Sweden (X litres), Italy (X litres), Denmark (X litres), the Czech Republic (X litres), Poland (X litres), Latvia (X litres), Lithuania (X litres) and Ireland (X litres) - together made up X% of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Latvia (X%), Portugal (X%), Ireland (X%), Poland (X%), Sweden (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Belgium, France, the Czech Republic, Lithuania and Denmark experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. Portugal (X p.p.) and Latvia (X p.p.) significantly strengthened its position in terms of the total imports, while Italy and Germany saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per litre, approximately equating 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 2014 an increase of X%. The level of import peaked at $X per litre in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per litre), while Portugal ($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