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 |