Estonia: Sparkling Wine Market 2024

Sparkling Wine Market Size in Estonia

The Estonian sparkling wine market totaled $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Over the period under review, the market reached the peak level in 2023 and is likely to continue growth in the immediate term.

Sparkling Wine Production in Estonia

In value terms, sparkling wine production contracted markedly to $X in 2023 estimated in export price. In general, production faced a precipitous setback. Sparkling wine production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Sparkling Wine Exports

Exports from Estonia

In 2023, approx. X litres of sparkling wine were exported from Estonia; therefore, remained relatively stable against the previous year. Over the period under review, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, sparkling wine exports reached $X in 2023. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Finland (X litres), Latvia (X litres) and Lithuania (X litres) were the main destinations of sparkling wine exports from Estonia, with a combined X% share of total exports. Sweden lagged somewhat behind, accounting for a further less than X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Lithuania ($X) and Latvia ($X) appeared to be the largest markets for sparkling wine exported from Estonia worldwide, together accounting for X% of total exports.

Among the main countries of destination, Lithuania, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sparkling wine export price stood at $X per litre in 2023, picking up by X% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sparkling wine export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per litre), while the average price for exports to Sweden ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sparkling Wine Imports

Imports into Estonia

In 2023, purchases abroad of sparkling wine increased by X% to X litres, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, sparkling wine imports rose remarkably to $X in 2023. Over the period under review, total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Italy (X litres) constituted the largest sparkling wine supplier to Estonia, accounting for a X% share of total imports. Moreover, sparkling wine imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X litres), twofold. France (X litres) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: Spain (X% per year) and France (X% per year).

In value terms, the largest sparkling wine suppliers to Estonia were France ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. Latvia, Finland, Hungary, Sweden, Lithuania and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average sparkling wine import price amounted to $X per litre, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per litre), while the price for Hungary ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform