The Bulgarian wine market displayed fluctuations in value from 2013 to 2023, standing at 174.12 million Euros in 2023. While there were periods of significant growth, such as between 2015 and 2017, recent years such as 2019 and 2020 showed declines. The 2023 year-on-year growth is 4.89%, indicative of a recovering trend following earlier setbacks. Over the last five years, the market experienced a modest CAGR of 0.053%, reflecting stabilization amidst past volatility.
Future trends to watch for include potential growth due to increased local and international interest in specialty and organic wines. Additionally, the Bulgarian market may expand by targeting export opportunities in emerging markets.
How does Bulgaria rank in Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,357,200,000 | 2023 | +4.86% | +8.27% | View data |
| 2 | 2 United Kingdom | 4,614,600,000 | 2023 | +0.11% | +0.95% | View data |
| 3 | 3 Sweden | 1,163,000,000 | 2023 | +2.47% | +3.83% | View data |
| 4 | 4 Denmark | 776,400,000 | 2023 | +0.96% | +1.91% | View data |
| 5 | 5 Czech Republic | 591,010,000 | 2023 | +3.24% | +2.61% | View data |
| 8 | 8 Greece | 293,050,000 | 2023 | +2.63% | -2.36% | View data |
| 9 | 9 Slovakia | 233,900,000 | 2023 | +7.2% | +8.75% | View data |
| 10 | 10 Bulgaria | 174,120,000 | 2023 | +4.89% | +0.053% | |
| 11 | 11 Luxembourg | 147,230,000 | 2023 | +2.37% | +1.06% | View data |
