Malta: Champagne Market 2024

Champagne Market Size in Malta

The Maltese champagne market dropped slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Champagne Production in Malta

In value terms, champagne production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Champagne production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Champagne Exports

Exports from Malta

In 2022, champagne exports from Malta declined dramatically to X litres, falling by X% on 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X litres in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, champagne exports shrank rapidly to $X in 2022. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X litres) was the main destination for champagne exports from Malta, with a X% share of total exports. Moreover, champagne exports to Greece exceeded the volume sent to the second major destination, Spain (X litres), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at X%.

In value terms, Greece ($X) remains the key foreign market for champagne exports from Malta, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Greece stood at X%.

Export Prices by Country

The average champagne export price stood at $X per litre in 2022, increasing by X% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price 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, champagne export price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per litre), while the average price for exports to Spain totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced mixed trend patterns.

Champagne Imports

Imports into Malta

In 2022, overseas purchases of champagne increased by X% to X litres, rising for the second year in a row after two years of decline. In general, imports, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, champagne imports contracted to $X in 2022. Over the period under review, total imports indicated a perceptible 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 growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X litres) constituted the largest champagne supplier to Malta, accounting for a X% share of total imports. Moreover, champagne imports from France exceeded the figures recorded by the second-largest supplier, Italy (X litres), threefold.

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average champagne import price stood at $X per litre in 2022, falling by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price 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, champagne import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per litre), while the price for Italy ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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