The sparkling wine market in Luxembourg reached a volume of 2.3696 million liters in 2023. Over the past decade, trends showed fluctuations with a notable drop in 2020, likely due to external factors such as the global pandemic, and a subsequent significant recovery in 2021. Year-on-year growth varied, hitting a recent peak in 2022 with a 7.12% increase, though slowing to 1.7% by 2023. The past five years displayed an average annual growth (CAGR) of 1.64%, indicating moderate market stability post-2020.
Future trends to watch for:
- Shifts in consumer preferences towards premium and eco-friendly sparkling wines.
- Potential impact of regulatory changes on international trade and import tariffs.
- Continued influence of global economic conditions on consumer purchasing power and market dynamics.
How does Luxembourg rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | View data |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | View data |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | View data |
| 9 | 9 Denmark | 7,884,900 | 2023 | +2.8% | +1.94% | View data |
| 10 | 10 Lithuania | 7,066,100 | 2023 | +1.03% | +4.46% | View data |
| 11 | 11 Luxembourg | 2,369,600 | 2023 | +1.7% | +1.64% | |
