Romania: Sparkling Wine Market Overview 2020

Sparkling Wine Market Size in Romania

The revenue of the sparkling wine market in Romania amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, sparkling wine consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Sparkling wine consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Sparkling Wine Production in Romania

In value terms, sparkling wine production stood at $X in 2018 estimated in export prices. Overall, sparkling wine production continues to indicate a drastic setback. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Sparkling wine production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Sparkling Wine Exports

Exports from Romania

In 2018, the amount of sparkling wine exported from Romania stood at X litres, declining by -X% against the previous year. Over the period under review, sparkling wine exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, sparkling wine exports attained their maximum at X litres in 2017, and then declined slightly in the following year.

In value terms, sparkling wine exports amounted to $X in 2018. Overall, sparkling wine exports, however, continue to indicate remarkable growth. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, sparkling wine exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Estonia (X litres) was the main destination for sparkling wine exports from Romania, with a X% share of total exports. Moreover, sparkling wine exports to Estonia exceeded the volume sent to the second major destination, Italy (X litres), sevenfold. The third position in this ranking was occupied by Germany (X litres), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Estonia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Germany (+X% per year).

In value terms, Estonia ($X) remains the key foreign market for sparkling wine exports from Romania, comprising X% of total sparkling wine exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Estonia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average sparkling wine export price stood at $X per litre in 2018, rising by X% against the previous year. Overall, the sparkling wine export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for sparkling wine reached their maximum at $X per litre in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Thailand ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Romania

In 2018, the imports of sparkling wine into Romania totaled X litres, rising by X% against the previous year. In general, sparkling wine imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, sparkling wine imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, sparkling wine imports totaled $X in 2018. Over the period under review, sparkling wine imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, sparkling wine imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Italy (X litres) constituted the largest sparkling wine supplier to Romania, with a X% share of total imports. Moreover, sparkling wine imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X litres), twofold. France (X litres) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (+X% per year).

In value terms, the largest sparkling wine suppliers to Romania were Italy ($X), France ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Moldova, Belgium and Hungary, which together accounted for a further X experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average sparkling wine import price amounted to $X per litre, increasing by X% against the previous year. Overall, the sparkling wine import price, however, continues to indicate a significant decrease. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for sparkling wine reached their peak level of $X per litre. From 2009 to 2018, the growth in terms of the average import prices for sparkling wine remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per litre), while the price for Moldova ($X per litre) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform