The Austrian sparkling wine market has seen fluctuating growth from 2012 to 2022. Initial growth was observed in 2012 and 2013, followed by a decline in 2014 and a significant drop in 2015. Recovery occurred slowly with modest gains and losses between 2016 and 2019. The market saw a notable downturn in 2020, likely due to the COVID-19 pandemic, but began to recover in 2021 and 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.51%, indicating a relatively flat growth trend.
Future Trends to Watch For:
- Market recovery and growth post-COVID-19 impact.
- Consumer trends towards premium and organic sparkling wines.
- Innovation in product offerings and packaging.
- Potential shifts due to changes in import/export regulations and economic conditions.
How does Austria rank in Sparkling Wine Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,244,400,000 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 1,171,800,000 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | |
| 6 | 6 Portugal | 180,670,000 | 2023 | +2.23% | +3.28% | View data |
| 7 | 7 Denmark | 80,829,000 | 2023 | +3.65% | +3.64% | View data |
