France: Sparkling Wine Market 2022

Sparkling Wine Market Size in France

The French sparkling wine market plummeted to $X in 2021, which is down by -X% against the previous year. In general, consumption faced a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sparkling Wine Production in France

In value terms, sparkling wine production rose notably to $X in 2021 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. Sparkling wine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Sparkling Wine Exports

Exports from France

In 2021, the amount of sparkling wine exported from France soared to X litres, picking up by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sparkling wine exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X litres), the UK (X litres) and Germany (X litres) were the main destinations of sparkling wine exports from France, with a combined X% share of total exports. These countries were followed by Belgium, Italy, Singapore, Japan, Sweden, Australia, Switzerland, Spain, the Netherlands and the United Arab Emirates, which together accounted for a further X 2012 to 2021, the biggest increases were in Sweden (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Singapore ($X) appeared to be the largest markets for sparkling wine exported from France worldwide, together comprising X% of total exports. Germany, Japan, Italy, Belgium, Switzerland, Australia, Spain, the Netherlands, Sweden and the United Arab Emirates lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into France

For the third year in a row, France recorded growth in overseas purchases of sparkling wine, which increased by X% to X litres in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, sparkling wine imports soared to $X in 2021. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

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

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of sparkling wine to France, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2021, the average sparkling wine import price amounted to $X per litre, rising by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sparkling wine import price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per litre), while the price for Spain ($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 (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform