The European sold production of wine and grape must in 2023 sees Italy leading significantly with its value reaching 1.5261 billion Euros, marking a 2.34% increase from the previous year. Portugal exhibits notable growth with a 6.58% rise, whereas Germany and Spain show modest increases at 0.92% and 0.44%, respectively. In contrast, Hungary, Greece, and Croatia are experiencing declines of 3.31%, 3.2%, and 3.01% respectively. Finland maintains a negligible market presence at the lowest value.
Future trends to watch in the European wine market include:
- Potential growth in organic and sustainable wine production.
- Interest in emerging wine producers, such as Eastern European countries, gaining traction.
- The impact of climate change on grape yields and wine quality across different regions.
- Innovation in wine production techniques may influence regional competitiveness.
Top countries in Sold Production of Wine and Grape Must by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,526,100,000 | 2023 | +7.46% | +2.34% | View data |
| 2 | 2 Germany | 34,609,000 | 2023 | +19.21% | +0.92% | View data |
| 3 | 3 Hungary | 29,643,000 | 2023 | +2.77% | -3.31% | View data |
| 4 | 4 Portugal | 26,486,000 | 2023 | +5.35% | +6.58% | View data |
| 5 | 5 Spain | 12,735,000 | 2023 | +2.49% | +0.44% | View data |
| 6 | 6 Greece | 9,756,200 | 2023 | +4.16% | -3.2% | View data |
| 7 | 7 Croatia | 798,810 | 2023 | -2.74% | -3.01% | View data |
| 8 | 8 Finland | 27,300 | 2023 | +0.0073% | View data |
