Key Market Indicators
**Spanish Spirits Industry Faces Decline Despite Stable Sales** The production of spirits in Spain is projected to decline to €1.07 billion by 2028, down from €1.09 billion in 2023. This represents an average annual decrease of 0.4%. Over the past decade, the Spanish spirits supply has seen a consistent drop, averaging a 0.8% decrease each year since 2013. In the global rankings for 2023, Spain stands at the sixth position in spirits production. Germany has overtaken Spain with a production value of €1.09 billion. France, Italy, and Poland hold the second, third, and fourth positions, respectively. Conversely, Spanish spirits sales are expected to remain stable, maintaining a value of €1.17 billion from 2023 to 2028. This zero percent growth rate suggests a steady market. Since 2013, the Spanish spirits market has experienced a slight average annual increase of 0.7%. In 2023, Spain ranked sixth in sales, with Germany again leading at €1.17 billion. France, Poland, and Italy follow in the second, third, and fourth positions. On the consumption front, the Spanish market is projected to shrink slightly. By 2028, spirits consumption is expected to fall to approximately €1.62 billion from €1.68 billion in 2023, marking a compound annual growth rate (CAGR) decline of 0.5%. Since 2013, demand for spirits in Spain has decreased by an average of 0.8% annually. In the consumption ranking for 2023, Italy, Spain, and Germany occupy the second, third, and fourth spots, respectively.
