EU: Market for Wine And Grape Must 2024

Market Size for Wine And Grape Must in the EU

The EU wine and grape must market rose notably to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in the immediate term.

Production of Wine And Grape Must in the EU

In value terms, wine and grape must production soared 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 indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Wine And Grape Must

Exports in the EU

Wine and grape must exports contracted to X litres in 2023, shrinking by X% compared with the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X litres. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, wine and grape must exports expanded slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Italy (X litres) and Spain (X litres) represented the key exporters of wine and grape must in the European Union, together achieving X% of total exports. France (X litres) took the next position in the ranking, distantly followed by Germany (X litres) and Portugal (X litres). All these countries together took near X% share of total exports. The following exporters - Belgium (X litres) and Hungary (X litres) - each recorded a X% share of total exports.

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

In value terms, the largest wine and grape must supplying countries in the European Union were France ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. Germany, Portugal, Belgium and Hungary lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union 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 pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per litre), while Hungary ($X per litre) was amongst the lowest.

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

Imports of Wine And Grape Must

Imports in the EU

In 2023, purchases abroad of wine and grape must decreased by X% to X litres, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, wine and grape must imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

Germany represented the key importer of wine and grape must in the European Union, with the volume of imports accounting for X litres, which was approx. X% of total imports in 2023. France (X litres) held the second position in the ranking, followed by the Netherlands (X litres), Belgium (X litres) and Portugal (X litres). All these countries together took near X% share of total imports. Italy (X litres), Sweden (X litres), Denmark (X litres), the Czech Republic (X litres), Poland (X litres), Latvia (X litres), Lithuania (X litres) and Ireland (X litres) took a minor share of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2023. At the same time, Latvia (X%), Portugal (X%), Poland (X%), Sweden (X%), Ireland (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Lithuania, France, the Czech Republic, Belgium and Denmark experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Portugal and Latvia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wine and grape must importing markets in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for X% of total imports. France, Sweden, Denmark, Italy, Poland, Latvia, Ireland, Lithuania, the Czech Republic and Portugal lagged somewhat behind, together comprising 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

In 2023, the import price in the European Union amounted to $X per litre, with an increase of 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 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per litre), while Portugal ($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