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Romania - Sparkling Wine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSparkling Wine Price in Romania - 2023
Contents:
- Sparkling Wine Price in Romania (CIF) - 2023
- Sparkling Wine Price in Romania (FOB) - 2022
- Sparkling Wine Imports in Romania
- Sparkling Wine Exports in Romania
Sparkling Wine Price in Romania (CIF) - 2023
In June 2023, the average sparkling wine import price amounted to $6.1 per litre, dropping by -6.1% against the previous month. In general, the import price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in January 2023 an increase of 54% against the previous month. Over the period under review, average import prices attained the peak figure at $9.2 per litre in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($30.4 per litre), while the price for Hungary ($2.3 per litre) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sparkling Wine Price in Romania (FOB) - 2022
In 2022, the average sparkling wine export price amounted to $4.6 per litre, reducing by -17.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 79% against the previous year. As a result, the export price attained the peak level of $13 per litre. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($11 per litre), while the average price for exports to Italy ($2.9 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 Hungary (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sparkling Wine Imports in Romania
In 2022, sparkling wine imports into Romania dropped notably to 8.8M litres, waning by -36.3% compared with the previous year's figure. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 14M litres, and then dropped rapidly in the following year.
In value terms, sparkling wine imports reduced rapidly to $42M in 2022. In general, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of $70M, and then shrank remarkably in the following year.
Import of Sparkling Wine in Romania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 8.7 | 10.1 | 14.7 | 19.4 | 30.6% |
France | 6.8 | 5.6 | 10.0 | 11.6 | 19.5% |
Germany | 2.9 | 3.2 | 4.4 | 4.6 | 16.6% |
Moldova | 1.0 | 1.0 | 1.5 | 1.9 | 23.9% |
Hungary | 1.9 | 2.4 | 2.1 | 1.9 | 0.0% |
Others | 24.2 | 26.2 | 37.3 | 2.7 | -51.9% |
Total | 45.5 | 48.6 | 70.0 | 41.9 | -2.7% |
Top Suppliers of Sparkling Wine to Romania in 2022:
- Italy (4.7M litres)
- Germany (1.7M litres)
- Hungary (0.9M litres)
- Moldova (0.7M litres)
- France (0.4M litres)
Sparkling Wine Exports in Romania
Sparkling wine exports from Romania dropped markedly to 174K litres in 2022, reducing by -40.6% compared with 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports reached the peak of 292K litres, and then shrank markedly in the following year.
In value terms, sparkling wine exports fell sharply to $799K in 2022. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports reached the peak of $1.6M, and then shrank dramatically in the following year.
Export of Sparkling Wine in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | N/A | N/A | 229 | 155 | -32.3% |
Italy | 68.8 | 108 | 133 | 107 | 15.9% |
Hungary | 6.7 | 6.4 | 5.5 | 66.9 | 115.3% |
United Kingdom | 21.5 | 48.7 | 50.4 | 54.8 | 36.6% |
Denmark | 3.1 | 11.7 | 4.5 | 52.8 | 157.3% |
Germany | 41.5 | 28.2 | 26.5 | 40.4 | -0.9% |
Moldova | 78.3 | 55.2 | 68.9 | 40.3 | -19.9% |
Belgium | 18.3 | 26.8 | 32.5 | 38.8 | 28.5% |
Spain | 47.8 | 46.0 | 51.3 | 30.2 | -14.2% |
Cyprus | 22.7 | 12.9 | 14.2 | 26.6 | 5.4% |
France | 12.4 | 25.4 | 26.0 | 22.1 | 21.2% |
Greece | 7.6 | 5.2 | 6.1 | 9.3 | 7.0% |
Poland | 143 | 4.0 | 6.0 | 8.9 | -60.4% |
Others | 765 | 628 | 980 | 146 | -42.4% |
Total | 1,237 | 1,006 | 1,633 | 799 | -13.6% |
Top Export Markets for Sparkling Wine from Romania in 2022:
- Sweden (41.9K litres)
- Italy (36.3K litres)
- United Kingdom (13.2K litres)
- Germany (12.0K litres)
- Denmark (11.7K litres)
- Spain (8.9K litres)
- Belgium (7.8K litres)
- Cyprus (6.5K litres)
- Hungary (6.3K litres)
- Moldova (5.6K litres)
- France (4.0K litres)
- Greece (2.6K litres)
- Poland (1.6K litres)
This report provides an in-depth analysis of the sparkling wine market in Romania. 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:
- Prodcom 11021130 - Champagne (important: excluding alcohol duty)
- Prodcom 11021190 - Sparkling wine from fresh grapes (excluding champagne, a lcohol duty)
Country coverage:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- 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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The global market for sparkling wine is expected to experience a steady increase in consumption over the next seven years, with a projected CAGR of +4.5% in volume and +6.8% in value terms. By 2030, the market volume is estimated to reach 8.3B litres and the market value to reach $70.6B.
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In 2016, global wine market reached $X in wholesale prices. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price
Global wine consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
The value of total imports on the global wine market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, wine imports reached X million liters in 2015, X million liters
From 2007 to 2015, global exports on the wine market increased by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X million liters in 2015, which figure remained relatively stable over the last four years.
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