Global Sparkling Wine Market 2024

Sparkling Wine Market Size

The global sparkling wine market contracted to $X in 2023, waning by X% against the previous year. Overall, the total consumption indicated a pronounced expansion 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, consumption increased by X% against 2012 indices. Over the period under review, the global market reached the maximum level at $X in 2022, and then declined in the following year.

Sparkling Wine Production

In value terms, sparkling wine production contracted modestly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion 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, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2022, and then declined slightly in the following year.

Sparkling Wine Exports

Exports

In 2023, after two years of growth, there was decline in shipments abroad of sparkling wine, when their volume decreased by X% to X litres. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, 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 global exports attained the peak figure at X litres in 2022, and then contracted modestly in the following year.

In value terms, sparkling wine exports rose notably to $X in 2023. Overall, total exports indicated a buoyant expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

Italy represented the major exporting country with an export of about X litres, which resulted at X% of total exports. It was distantly followed by France (X litres) and Spain (X litres), together creating a X% share of total exports. The following exporters - Germany (X litres), Latvia (X litres), Belgium (X litres) and Lithuania (X litres) - together made up X% 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 world, 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. From 2012 to 2023, the share of Italy, Latvia and Belgium increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in France stood at X%. 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

The average sparkling wine export price stood at $X per litre in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. The global export price peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 global leaders experienced more modest paces of growth.

Sparkling Wine Imports

Imports

After two years of growth, supplies from abroad of sparkling wine decreased by X% to X litres in 2023. Over the period under review, total imports indicated a moderate 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. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the maximum at X litres in 2022, and then reduced in the following year.

In value terms, sparkling wine imports rose to $X in 2023. Overall, total imports indicated a prominent expansion 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%. Global imports peaked in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, the United States (X litres) and the UK (X litres) were the major importers of sparkling wineacross the globe, together resulting at near X% of total imports. Germany (X litres) ranks next in terms of the total imports with a X% share, followed by Belgium (X%) and Russia (X%). Japan (X litres), France (X litres), Latvia (X litres), Sweden (X litres), Switzerland (X litres), Austria (X litres), the Netherlands (X litres) and Canada (X litres) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of global imports. Germany, Belgium, Switzerland, Russia, Canada, the Netherlands, Sweden, France, Latvia and Austria lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average sparkling wine import price amounted to $X per litre, surging by X% against the previous year. Overall, the import price showed mild growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Global import price peaked in 2023 and is expected to retain growth in the near future.

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 Japan ($X per litre), while Latvia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform