The European wine production market experienced varied changes as of 2023. Large producers like France, Italy, and Spain showed slight declines, with France at -2.0%, Italy at -0.54%, and Spain at -2.76%. Germany also experienced a reduction at -2.19%, while Portugal's production experienced a notable increase of 5.91%. Austria witnessed a marginal increase of 0.09%, whereas Switzerland saw a decline of -1.41%. Smaller markets like Croatia and Slovenia observed sharp declines at -7.29% and -5.75% respectively. Hungary, Czech Republic, and Luxembourg also experienced decreases at -0.89%, -4.15%, and -1.64% respectively. Conversely, Cyprus and Greece saw positive growth at 2.79% and 5.03% respectively.
Future trends indicate a potential reshuffling of production shares. Nations like Portugal, Cyprus, and Greece could see increasing shares, possibly attributed to favorable climatic conditions and increased investments in the viticulture sector. Established markets such as France and Italy may focus on maintaining quality to retain their status, while emerging producers could explore niche markets to gain a competitive edge. Monitoring these trends will be crucial for stakeholders aiming to navigate the evolving European wine production landscape effectively.
Top countries in Wine Production Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 42.8 | 2023 | -6.68% | -2% | View data |
| 2 | 2 Italy | 36.04 | 2023 | -2.56% | -0.54% | View data |
| 3 | 3 Spain | 5.38 | 2023 | +5.07% | -2.76% | View data |
| 4 | 4 Germany | 4.61 | 2023 | +1.76% | -2.19% | View data |
| 5 | 5 Portugal | 4.22 | 2023 | -5.64% | +5.91% | View data |
| 6 | 6 Austria | 2.2 | 2023 | -16.59% | +0.09% | View data |
| 7 | 7 Switzerland | 1.56 | 2023 | -6.27% | -1.41% | View data |
| 8 | 8 Romania | 1.23 | 2023 | -6.16% | -2.1% | View data |
| 9 | 9 Croatia | 0.54 | 2023 | -2.25% | -7.29% | View data |
| 10 | 10 Slovenia | 0.51 | 2023 | +21.7% | -5.75% | View data |
