Europe: Sparkling Wine Market 2024

Sparkling Wine Market Size in Europe

The Europe sparkling wine market rose markedly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2023 and is likely to continue growth in the immediate term.

Sparkling Wine Production in Europe

In value terms, sparkling wine production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2022, and then reduced slightly in the following year.

Sparkling Wine Exports

Exports in Europe

In 2023, after two years of growth, there was decline in overseas shipments of sparkling wine, when their volume decreased by X% to X litres. Total exports indicated perceptible growth from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X litres in 2022, and then fell slightly in the following year.

In value terms, sparkling wine exports rose remarkably to $X in 2023. Total exports indicated buoyant growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

Italy represented the key exporting country with an export of around X litres, which reached X% of total exports. France (X litres) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Spain (X%). Germany (X litres), Latvia (X litres), Belgium (X litres) and Lithuania (X litres) followed a long way behind the leaders.

Exports from Italy increased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Belgium (X%), Lithuania (X%) and France (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. Italy (X p.p.), Latvia (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while France and Spain saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest sparkling wine supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In France, sparkling wine exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in Europe stood at $X per litre in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per litre), while Spain ($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 other leaders experienced more modest paces of growth.

Sparkling Wine Imports

Imports in Europe

After three years of growth, overseas purchases of sparkling wine decreased by X% to X litres in 2023. Total imports indicated a tangible increase from 2012 to 2023: its volume 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 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X litres in 2022, and then reduced modestly in the following year.

In value terms, sparkling wine imports rose remarkably to $X in 2023. Total imports indicated resilient growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, the UK (X litres), distantly followed by Germany (X litres), Belgium (X litres), Russia (X litres), France (X litres) and Latvia (X litres) represented the main importers of sparkling wine, together comprising X% of total imports. The following importers - Sweden (X litres), Switzerland (X litres), Austria (X litres), the Netherlands (X litres), Lithuania (X litres), Poland (X litres) and Ukraine (X litres) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to sparkling wine imports into the UK stood at X%. At the same time, Latvia (X%), Poland (X%), Sweden (X%), Ukraine (X%), France (X%), Lithuania (X%), Russia (X%), the Netherlands (X%), Switzerland (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Austria experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. Latvia (X p.p.), France (X p.p.), Sweden (X p.p.), Russia (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium, Austria, the UK and Germany saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported sparkling wine in Europe, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

In the UK, sparkling wine imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Switzerland ($X per litre), while Ukraine ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform