France leads European wine turnover with €22.6 billion, followed by Italy at €12.54 billion and Spain at €8.16 billion. Germany, Portugal, and Greece rank next with values of €4.54 billion, €1.88 billion, and €0.3976 billion, respectively. Other notable countries include Hungary at €0.3631 billion, Romania at €0.244 billion, and Austria at €0.2043 billion. Meanwhile, turnover in Denmark and Latvia is significantly lower, at €0.0036 billion and €0.0001 billion, respectively.
Year-on-year (YoY) analysis reveals that in 2023, France saw a notable increase of 9.17%, while Germany also showed strong growth at 10.99%. Italy and Portugal observed modest increases of 1.77% and 1.68%, respectively. In contrast, Spain experienced a slight decline of 0.61%, while Hungary, Romania, and Austria saw decreases in the range of 0.49% to 0.9%. Notably, Serbia and Cyprus showed significant increases of 14.66% and 6.14%, respectively.
Future trends indicate ongoing growth in leading markets like France and Germany. Given the increasing consumer preferences for quality wines and organic varieties, countries such as Italy and Spain may focus on premium segments. Technological advancements in viticulture and evolving trade policies will also shape growth dynamics across Europe.
Top countries in Wine Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 22,600 | 2023 | +4.86% | +9.17% | View data |
| 2 | 2 Italy | 12,540 | 2023 | +2.98% | +1.77% | View data |
| 3 | 3 Spain | 8,160 | 2023 | +1.94% | -0.61% | View data |
| 4 | 4 Germany | 4,540 | 2023 | +10.07% | +10.99% | View data |
| 5 | 5 Portugal | 1,880 | 2023 | +2.04% | +1.68% | View data |
| 6 | 6 Greece | 397.6 | 2023 | +4.94% | +0.2% | View data |
| 7 | 7 Hungary | 363.1 | 2023 | +0.3% | -0.9% | View data |
| 8 | 8 Romania | 244 | 2023 | +1.46% | -0.83% | View data |
| 9 | 9 Austria | 204.3 | 2023 | -0.58% | -0.49% | View data |
| 10 | 10 Bulgaria | 129.1 | 2023 | +5.04% | -0.86% | View data |
