Whisky Market Size Value in Spain

From 2012 to 2022, the whisky market in Spain showed a fluctuating trend. The market reached a peak in 2016 at 666.5 million euros, followed by a significant drop in 2017 down to 586.56 million euros. After minor fluctuations, 2020 saw a steep decline of 16.51% compared to the previous year, coinciding with the COVID-19 pandemic. Subsequently, the market rebounded in 2021 with a robust 15.12% year-on-year increase, reaching 620.15 million euros in 2022, showing a positive growth trajectory.

Key variations over the last two years:

  • 2021: +15.12%
  • 2022: +5.86%

The 5-year compound annual growth rate (CAGR) stands at 1.12%, indicating modest long-term growth. In 2023, the market value stood at 620.15 million Euros, according to both value and forecast trends.

Future trends to watch for:

  • Changes in consumer behavior and preferences post-COVID-19.
  • Impact of economic factors such as inflation and consumer spending power.
  • Emergent market segments such as premium whiskies and craft distilleries.

How does Spain rank in Whisky Market Size Value?

# 15 Countries Euros Last Year YoY 5-years CAGR
1 1 France 681,040,000 2023 -0.72% -1.41% View data
2 2 Spain 623,550,000 2023 +0.55% +0.69%
3 3 Poland 419,290,000 2023 +8.39% +10.52% View data
4 4 Germany 319,710,000 2023 +1.73% +0.41% View data
5 5 Bulgaria 119,980,000 2023 +3.21% +3.72% View data

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