From 2013 to 2016, Spain's sparkling wine market exhibited a relatively stable growth with minor fluctuations, experiencing a significant drop in 2017. Subsequently, a slight recovery ensued, although overall volumes remained in decline through 2023. The volume of the sparkling wine market in Spain stood at 36.585 million liters in 2023.
Notable annual variations included:
- 2014: +0.78%
- 2015: +8.37%
- 2016: +1.72%
- 2017: -18.01%
- 2018: -2.44%
- 2019: +4.05%
- 2020: +3.89%
- 2021: +0.59%
- 2022: -0.51%
- 2023: -0.51%
The compound annual growth rate (CAGR) from 2018 to 2023 was approximately 1.48%. However, forecasted data indicates a steady decline, with a projected 5-year CAGR of -0.4% through 2028.
Future trends to watch for include market reactions to economic conditions, consumer preferences toward sustainable and locally-produced wine, and the potential effects of climate change on grape yields and wine production.
