EU: Sparkling Wine Market 2024

Sparkling Wine Market Size in the EU

The EU sparkling wine market rose significantly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Sparkling Wine Production in the EU

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% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2022, and then reduced slightly in the following year.

Sparkling Wine Exports

Exports in the EU

In 2023, overseas shipments of sparkling wine decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a tangible expansion 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 most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X litres in 2022, and then reduced in the following year.

In value terms, sparkling wine exports stood at $X in 2023. Total exports indicated a remarkable increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

In 2023, Italy (X litres) was the largest exporter of sparkling wine, comprising X% of total exports. France (X litres) ranks second in terms of the total exports with a X% share, followed by Spain (X%). Germany (X litres), Latvia (X litres), Belgium (X litres) and Lithuania (X litres) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to sparkling wine exports from Italy stood at X%. 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 the European Union, 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. While the share of Italy (X p.p.), Latvia (X p.p.) and Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of France (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In France, sparkling wine exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per litre, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 the EU

In 2023, after three years of growth, there was decline in purchases abroad of sparkling wine, when their volume decreased by X% to X litres. Total imports indicated a measured expansion 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2022, and then fell in the following year.

In value terms, sparkling wine imports rose markedly to $X in 2023. Total imports indicated a resilient increase 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Germany (X litres), Belgium (X litres), France (X litres), Latvia (X litres), Sweden (X litres), Austria (X litres), the Netherlands (X litres), Lithuania (X litres), Poland (X litres), Italy (X litres), the Czech Republic (X litres) and Denmark (X litres) was the main importer of sparkling wine in the European Union, achieving X% of total import.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sparkling wine importing markets in the European Union were Germany ($X), Italy ($X) and Belgium ($X), with a combined X% share of total imports. The Netherlands, Sweden, France, Latvia, Austria, Denmark, Lithuania, Poland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Latvia, with a CAGR of X%, saw 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

The import price in the European Union stood at $X per litre in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform