Romania: Sparkling Wine Market 2022

Sparkling Wine Market Size in Romania

The Romanian sparkling wine market skyrocketed to $X in 2021, rising by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2015 indices. Sparkling wine consumption peaked in 2021 and is likely to continue growth in the immediate term.

Sparkling Wine Production in Romania

In value terms, sparkling wine production totaled $X in 2021 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Sparkling Wine Exports

Exports from Romania

In 2021, overseas shipments of sparkling wine were finally on the rise to reach X litres after two years of decline. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. As a result, the exports attained the peak of X litres. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, sparkling wine exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (+X% per year).

In value terms, the largest markets for sparkling wine exported from Romania were Sweden ($X), Italy ($X) and Moldova ($X), together comprising X% of total exports.

Sweden, with a CAGR of +X%, recorded 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

In 2021, the average sparkling wine export price amounted to $X per litre, with an increase of X% against the previous year. Overall, the export price saw a pronounced increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was France ($X per litre), while the average price for exports to Sweden ($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 Sweden (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Romania

In 2021, the amount of sparkling wine imported into Romania skyrocketed to X litres, growing by X% compared with 2020 figures. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, sparkling wine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X litres) constituted the largest supplier of sparkling wine to Romania, accounting for 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. Hungary (X litres) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Hungary (+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. Hungary and Moldova 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 imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2021, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per litre in 2013; however, from 2014 to 2021, import prices remained at a 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 ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform