Over the past decade, the Brandy and Cognac market in the UK has experienced significant fluctuations. The market size value decreased from 175.9 million Euros in 2013 to 132.35 million Euros in 2023. Notable year-on-year variations include a peak decline of 15.67% in 2020, followed by a partial rebound in 2021 with an increase of 18.75%. However, the market saw smaller year-on-year declines of 1.43% in 2022 and 1.42% in 2023. The average annual variation over the last five years (CAGR) stood at -2.1%, indicating a general declining trend.
Future trends to watch for:
- Potential recovery in the post-pandemic era as consumer confidence returns.
- Increased demand for premium and craft brandies.
- Impact of shifting consumer preferences towards other spirits.
- Influence of economic factors and disposable income on spending.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
