United Kingdom - Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in the UK - 2023
Contents:
- Wine Price in the UK (CIF) - 2022
- Wine Price in the UK (FOB) - 2022
- Wine Imports in the UK
- Wine Exports in the UK
Wine Price in the UK (CIF) - 2022
The average wine import price stood at $4.1 per litre in 2022, shrinking by -10.8% against the previous year. Overall, the import price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. As a result, import price attained the peak level of $4.6 per litre, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($22 per litre), while the price for Australia ($1.7 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wine Price in the UK (FOB) - 2022
The average wine export price stood at $12 per litre in 2022, shrinking by -2.3% against the previous year. Over the period under review, the export price, however, showed notable growth. The pace of growth appeared the most rapid in 2021 an increase of 76%. As a result, the export price attained the peak level of $12 per litre, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($91 per litre), while the average price for exports to Chile ($1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wine Imports in the UK
Wine imports into the UK skyrocketed to 1.2B litres in 2022, jumping by 17% compared with 2021 figures. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of 1.4B litres. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, wine imports reached $5B in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.7% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Wine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,468 | 1,366 | 1,556 | 1,832 | 7.7% |
| Italy | 893 | 821 | 889 | 1,101 | 7.2% |
| Spain | 312 | 340 | 370 | 406 | 9.2% |
| Australia | 308 | 357 | 343 | 364 | 5.7% |
| New Zealand | 317 | 359 | 304 | 302 | -1.6% |
| Chile | 237 | 266 | 260 | 252 | 2.1% |
| United States | 232 | 277 | 234 | 219 | -1.9% |
| South Africa | 133 | 135 | 179 | 188 | 12.2% |
| Germany | 193 | 172 | 84.7 | 43.7 | -39.0% |
| Others | 328 | 346 | 607 | 318 | -1.0% |
| Total | 4,421 | 4,439 | 4,826 | 5,025 | 4.4% |
Top Suppliers of Wine to the UK in 2022:
- Italy (300.9M litres)
- Australia (210.7M litres)
- France (167.1M litres)
- Spain (137.8M litres)
- Chile (116.8M litres)
- South Africa (106.0M litres)
- New Zealand (64.1M litres)
- Germany (13.9M litres)
- United States (10.1M litres)
Wine Exports in the UK
In 2022, shipments abroad of wine was finally on the rise to reach 58M litres after two years of decline. In general, exports, however, showed a dramatic decrease. Over the period under review, the exports reached the maximum at 114M litres in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, wine exports rose notably to $679M in 2022. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports hit record highs at $835M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 220 | 187 | 225 | 197 | -3.6% |
| United States | 109 | 53.4 | 89.6 | 91.7 | -5.6% |
| France | 57.0 | 36.1 | 40.9 | 60.4 | 2.0% |
| Belgium | 9.4 | 7.1 | 25.4 | 52.2 | 77.1% |
| Ireland | 62.6 | 79.8 | 38.3 | 26.1 | -25.3% |
| Denmark | 36.3 | 29.6 | 20.3 | 25.8 | -10.8% |
| Netherlands | 67.3 | 61.8 | 16.2 | 17.8 | -35.8% |
| Spain | 22.6 | 9.1 | 6.1 | 7.9 | -29.6% |
| Germany | 60.4 | 50.7 | 4.8 | 7.6 | -49.9% |
| Poland | 8.6 | 8.2 | 3.8 | 4.5 | -19.4% |
| Sweden | 17.5 | 8.8 | 4.6 | 4.0 | -38.9% |
| Latvia | 7.7 | 6.6 | 4.2 | 1.2 | -46.2% |
| Chile | N/A | 0.2 | 0.1 | 0.9 | 112.1% |
| Others | 156 | 134 | 162 | 182 | 5.3% |
| Total | 835 | 672 | 641 | 679 | -6.7% |
Top Export Markets for Wine from the UK in 2022:
- Belgium (15.3M litres)
- Ireland (7.6M litres)
- Hong Kong SAR (5.8M litres)
- Denmark (4.1M litres)
- Netherlands (3.1M litres)
- Spain (2.3M litres)
- France (2.1M litres)
- Poland (2.0M litres)
- Germany (1.6M litres)
- Sweden (1.1M litres)
- Chile (1.0M litres)
- United States (1.0M litres)
- Latvia (0.4M litres)
This report provides an in-depth analysis of the wine market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 564 - Wine
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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