Europe: Wine Market 2023

Wine Market Size in Europe

In 2021, the Europe wine market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wine Production in Europe

In value terms, wine production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of 9.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Wine Exports

Exports in Europe

After three years of decline, shipments abroad of wine and grape must increased by 8.1% to X litres in 2021. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wine exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Spain (X litres), Italy (X litres) and France (X litres) represented the largest exporter of wine and grape must in Europe, constituting 78% of total export. It was distantly followed by Germany (X litres), achieving a 4.7% share of total exports. Portugal (X litres) and Belgium (X litres) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wine supplying countries in Europe were France ($X), Italy ($X) and Spain ($X), with a combined 80% share of total exports. Germany, Portugal and Belgium lagged somewhat behind, together comprising a further 9.3%.

Belgium, with a CAGR of +15.8%, recorded the highest rates of growth with regard to the value of exports, among 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 Europe stood at $X per litre in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the other leaders experienced more modest paces of growth.

Wine Imports

Imports in Europe

In 2021, the amount of wine and grape must imported in Europe shrank slightly to X litres, which is down by -1.6% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 4.3% against the previous year. As a result, imports reached the peak of X litres. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wine imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X litres) and the UK (X litres) represented roughly 37% of total imports in 2021. France (X litres) ranks next in terms of the total imports with an 8.8% share, followed by the Netherlands (6.9%), Belgium (5.5%) and Russia (5.4%). Italy (X litres), Portugal (X litres), Denmark (X litres), Sweden (X litres), Switzerland (X litres), Poland (X litres) and the Czech Republic (X litres) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +11.3%), 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), with a combined 45% share of total imports. Belgium, Switzerland, Russia, France, Denmark, Sweden, Italy, Poland, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 39%.

Poland, with a CAGR of +7.6%, recorded 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 Europe stood at $X per litre in 2021, picking up by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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