In 2023, Germany and France lead European sold production of spirits distilled from fruit, together holding over 50% of the market share in euros. Germany's share rose by 0.92%, maintaining its lead, while France saw a notable 3.11% increase. Italy, Hungary, and Serbia complete the top five, with Serbia showing a strong 3.7% growth. Croatia experienced significant growth at 15.48%, suggesting a burgeoning market. Conversely, Spain saw the largest decline at 6.93%. Smaller markets like Lithuania showed high percentage growth, albeit from a low base.
Future trends to watch include potential market consolidation or expansion by leading countries, driven by consumer trends and economic factors. Croatia's double-digit growth may signal emerging market leaders, while consistent growth in established markets like France could spur increased competition. The declining trend in Spain could prompt strategic shifts or revisions in approach.
Top countries in Sold Production of Spirits Distilled from Fruit Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.99 | 2023 | +0.47% | +0.92% | View data |
| 2 | 2 France | 24.97 | 2023 | +7.38% | +3.11% | View data |
| 3 | 3 Italy | 14.2 | 2023 | +8.83% | +2.58% | View data |
| 4 | 4 Hungary | 8.14 | 2023 | +3.17% | -2.72% | View data |
| 5 | 5 Serbia | 6.61 | 2023 | +4.78% | +3.7% | View data |
| 6 | 6 Croatia | 4.41 | 2023 | +4.95% | +15.48% | View data |
| 7 | 7 Bosnia and Herzegovina | 2.83 | 2023 | +3.09% | +2.52% | View data |
| 8 | 8 Austria | 2.82 | 2023 | -0.28% | -2.99% | View data |
| 9 | 9 Slovakia | 2.65 | 2023 | +2.98% | +2.66% | View data |
| 10 | 10 Spain | 1.72 | 2023 | +7.17% | -6.93% | View data |
