In 2023, Italy significantly dominated the European sold production of wine and grape must, with a market share of over 91%, reflecting a strong position. Germany, Portugal, and Hungary held minor shares, with the latter showing a notable yearly decline. Spain, Greece, and Croatia represented much smaller market presences, with Greece and Croatia registering declines over the past year. Finland's market share remained negligible. Trends over the past five years exhibited a steady CAGR, with Italy consistently leading while some countries like Portugal showed promising growth.
Looking to the future, the European wine market is expected to witness Italy maintaining its leadership, albeit with potential competitive shifts as countries like Portugal continue to grow. Sustainability, premiumization, and evolving consumer preferences towards organic and natural wines will increasingly shape the market dynamics across Europe.
Top countries in Sold Production of Wine and Grape Must Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 91.74 | 2023 | +7.46% | +2.34% | View data |
| 2 | 2 Germany | 2.08 | 2023 | +19.21% | +0.92% | View data |
| 3 | 3 Hungary | 1.78 | 2023 | +2.77% | -3.31% | View data |
| 4 | 4 Portugal | 1.59 | 2023 | +5.35% | +6.58% | View data |
| 5 | 5 Spain | 0.77 | 2023 | +2.49% | +0.44% | View data |
| 6 | 6 Greece | 0.59 | 2023 | +4.16% | -3.2% | View data |
| 7 | 7 Croatia | 0.048 | 2023 | -2.74% | -3.01% | View data |
| 8 | 8 Finland | 0.002 | 2023 | +0.0073% | View data |
