Scandinavia: Grape Wine Spirits Market 2022

Grape Wine Spirits Market Size in Scandinavia

In 2021, the Scandinavia grape wine spirits market increased by 0.5% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a abrupt decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Grape Wine Spirits Production in Scandinavia

In value terms, grape wine spirits production dropped dramatically to $X in 2021 estimated in export price. In general, production showed a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Grape Wine Spirits Exports

Exports in Scandinavia

In 2021, after three years of decline, there was significant growth in overseas shipments of spirits obtained from distilled grape wine or grape marc, when their volume increased by 18% to X litres. Over the period under review, exports, however, continue to indicate a drastic downturn. The volume of export peaked at X litres in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, grape wine spirits exports surged to $X in 2021. In general, exports, however, saw a deep slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Finland (X litres) and Denmark (X litres) represented the key exporters of spirits obtained from distilled grape wine or grape marc in Scandinavia, together finishing at near 75% of total exports. It was distantly followed by Norway (X litres) and Sweden (X litres), together mixing up a 25% share of total exports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of -2.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Finland ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 94% of total exports.

Finland, with a CAGR of -2.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per litre in 2021, surging by 15% against the previous year. In general, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, the export prices reached the maximum at $X per litre in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per litre), while Norway ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.4%), while the other leaders experienced a decline in the export price figures.

Grape Wine Spirits Imports

Imports in Scandinavia

For the ninth consecutive year, Scandinavia recorded decline in overseas purchases of spirits obtained from distilled grape wine or grape marc, which decreased by -6.5% to X litres in 2021. Over the period under review, imports showed a deep setback. The smallest decline of -0.3% was in 2020. Over the period under review, imports hit record highs at X litres in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, grape wine spirits imports rose modestly to $X in 2021. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 5.1% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Finland (X litres) and Norway (X litres) represented roughly 74% of total imports in 2021. It was distantly followed by Sweden (X litres) and Denmark (X litres), together achieving a 25% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of -2.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest grape wine spirits importing markets in Scandinavia were Finland ($X), Norway ($X) and Denmark ($X), together accounting for 87% of total imports.

In terms of the main importing countries, Finland, with a CAGR of -4.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per litre, picking up by 12% against the previous year. In general, the import price, however, saw a mild decline. The level of import peaked at $X per litre in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per litre), while Sweden ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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