Luxembourg: Sparkling Wine Market 2022

Sparkling Wine Market Size in Luxembourg

The Luxembourg sparkling wine market reduced to $X in 2021, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2021: its value 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, consumption increased by +X% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Sparkling Wine Exports

Exports from Luxembourg

After three years of decline, shipments abroad of sparkling wine increased by X% to X litres in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at X litres in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

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

Exports by Country

Belgium (X litres) was the main destination for sparkling wine exports from Luxembourg, accounting for a X% share of total exports. Moreover, sparkling wine exports to Belgium exceeded the volume sent to the second major destination, Finland (X litres), threefold. Germany (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Germany (+X% per year).

In value terms, the largest markets for sparkling wine exported from Luxembourg were Belgium ($X), Canada ($X) and Finland ($X), together comprising X% of total exports.

Canada, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of 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

In 2021, the average sparkling wine export price amounted to $X per litre, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per litre), while the average price for exports to Finland ($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 Canada (+X%), while the prices for the other major destinations experienced a decline.

Sparkling Wine Imports

Imports into Luxembourg

After two years of decline, overseas purchases of sparkling wine increased by X% to X litres in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X litres. From 2019 to 2021, the growth imports failed to regain momentum.

In value terms, sparkling wine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X litres) constituted the largest supplier of sparkling wine to Luxembourg, accounting for a X% share of total imports. Moreover, sparkling wine imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X litres), twofold. The third position in this ranking was occupied by Germany (X litres), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Germany (-X% per year).

In value terms, Belgium ($X), France ($X) and Germany ($X) constituted the largest sparkling wine suppliers to Luxembourg, together accounting for X% of total imports.

Belgium, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average sparkling wine import price amounted to $X per litre, growing by X% against 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 2017 an increase of X% y-o-y. As a result, import price attained the peak level of $X per litre. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform