Scandinavia: Grape Wine Spirits Market 2024

Grape Wine Spirits Market Size in Scandinavia

The Scandinavia grape wine spirits market shrank slightly to $X in 2023, declining by X% against the previous year. Overall, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Grape Wine Spirits Production in Scandinavia

In value terms, grape wine spirits production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Grape Wine Spirits Exports

Exports in Scandinavia

After two years of growth, shipments abroad of spirits obtained from distilled grape wine or grape marc decreased by X% to X litres in 2023. Over the period under review, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked at X litres in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, grape wine spirits exports shrank to $X in 2023. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Finland (X litres) and Norway (X litres) represented the major exporters of spirits obtained from distilled grape wine or grape marc in Scandinavia, together constituting X% of total exports. It was distantly followed by Sweden (X litres), comprising a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Finland ($X) remains the largest grape wine spirits supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Finland amounted to X%. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per litre in 2023, picking up by X% against the previous year. In general, the export price recorded a measured expansion. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in years to come.

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 Finland ($X per litre), while Norway ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the export price figures.

Grape Wine Spirits Imports

Imports in Scandinavia

For the eleventh consecutive year, Scandinavia recorded decline in overseas purchases of spirits obtained from distilled grape wine or grape marc, which decreased by X% to X litres in 2023. Over the period under review, imports showed a abrupt descent. The smallest decline of X% was in 2017. Over the period under review, imports reached the maximum at X litres in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, grape wine spirits imports dropped to $X in 2023. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Norway represented the largest importing country with an import of around X litres, which amounted to X% of total imports. Finland (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest grape wine spirits importing markets in Scandinavia were Finland ($X), Norway ($X) and Sweden ($X).

In terms of the main importing countries, Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per litre, increasing by X% against the previous year. Import price indicated a pronounced increase from 2012 to 2023: its price 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, grape wine spirits import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform