Key Market Indicators
Vodka consumption is projected to rise in the next five years, reaching €7.6 million by 2026. In 2020, demand stood at €7.5 million, with an average growth rate of 0.1% year-on-year. Notably, demand dropped by 1.1% year-on-year. Germany, Spain and Romania ranked second, third and fourth in this ranking. Portuguese vodka sales are set to hit 683,100 liters of pure alcohol by 2026, up from 603,080 liters in 2021. This represents an average growth rate of 1.9% year-on-year. Since 2001, the Portuguese market has seen an increase of 2.4% year-on-year. In 2021, Portugal was in eighteenth place in the ranking, with Croatia placing higher at 603,080 liters of pure alcohol. France, Germany and Italy occupied the second, third and fourth spots in the ranking.
Improve your Knowledge with the latest Indicators and Trends
-
Chemical Industry: Exploring the Astronomical Growth Prospects in the Oxo Alcohol Market
Considerable growth is anticipated for the oxo alcohol market, with key driving factors being increased demand for plasticizers and acrylates in various industries. Given that oxo alcohol is a raw material for these products, higher demand directly correlates to an expanding oxo alcohol market. Furthermore, the rise in the production...
Discover more insights -
Vodka Market: Comprehensive Examination of Size, Growth, and Predictive Analytics Worldwide
The vodka market continues to display robust dynamics worldwide, buoyed by evolving consumer preferences for higher quality products and increased consumption in developing countries. Shaped by factors such as demographic changes, shifts in disposable income, and cultural tendencies, the market’s dimension is expanding both in size and value, demonstrating resilience...
Discover more insights