The whisky market size in Italy has shown a general decline over the past decade, starting at a value of €106.99 million in 2012 and decreasing to €61.947 million in 2022. While there were slight increases in specific years, such as 2014 and 2017, the overall trend has been downward. The rate of decline has accelerated in recent years, with the highest year-on-year drop of 20.04% occurring in 2018. The compound annual growth rate (CAGR) from 2018 to 2022 stands at -8.11%, indicating a consistent decrease in market size.
Future trends to watch for include potential recovery or further decline based on economic conditions, consumer preferences, and regulatory changes. With these factors in mind, stakeholders should monitor the market closely and adapt strategies accordingly to navigate the evolving landscape in the Italian whisky market.
How does Italy 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% | View data |
| 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 |
| 7 | 7 Sweden | 85,669,000 | 2023 | +0.046% | +1.97% | View data |
| 8 | 8 Czech Republic | 69,654,000 | 2023 | +3.23% | +4.14% | View data |
| 9 | 9 Italy | 59,992,000 | 2023 | -7.11% | -4.52% | |
| 10 | 10 Belgium | 43,540,000 | 2023 | -2.65% | -2.12% | View data |
| 11 | 11 Portugal | 42,299,000 | 2023 | +0.15% | -4.23% | View data |
