The Romanian spirits market, valued at 339.32 million Euros in 2023, shows a turnaround from its previous downtrend with consistent growth over the last few years. Following declines from 2013 to 2015, the market picked up, achieving significant growth in 2016 and peaking in 2018. Despite slight declines in 2019 and 2020, the market posted steady growth from 2021 through 2023, ending the period with a compound annual growth rate of -0.24% over the last five years.
Future trends to watch for:
- Increasing consumer interest in premium and locally-produced spirits.
- Continued health consciousness influencing low-alcohol and alcohol-free spirit innovations.
- Impact of economic fluctuations and regulatory changes on market dynamics.
How does Romania rank in Spirits Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 1,930,900,000 | 2023 | +3.99% | +6.47% | View data |
| 2 | 2 Italy | 1,680,900,000 | 2023 | -0.88% | +3.38% | View data |
| 3 | 3 Spain | 1,680,400,000 | 2023 | -0.65% | -0.75% | View data |
| 4 | 4 Germany | 838,740,000 | 2023 | +0.88% | -0.15% | View data |
| 5 | 5 Czech Republic | 403,960,000 | 2023 | +3.78% | +2.72% | View data |
| 6 | 6 Romania | 339,320,000 | 2023 | +2.23% | -0.24% | |
| 7 | 7 Bulgaria | 289,690,000 | 2023 | +1.97% | +2.9% | View data |
| 8 | 8 Finland | 276,310,000 | 2023 | +2.45% | +3.62% | View data |
