The European Wine from Grapes Harmonized Index of Consumer Prices (HICP) forecasts for 2024 indicate significant variability among countries. Croatia leads with an anticipated 13.5% increase, followed by Serbia at 13.4% and Bulgaria at 12.4%. Central and Eastern European countries such as Hungary and Romania also show notable increases. In contrast, Switzerland and Luxembourg exhibit minimal growth, below 2%. This suggests a divergence in pricing pressures, possibly due to different economic conditions or wine production dynamics within these regions.
Future trends to watch include the impact of climate change on grape yields, shifts in consumer preferences towards sustainable wine production, and potential economic fluctuations that could influence wine consumption and pricing pressures across Europe.
Top countries in Wine from Grapes HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Croatia | 13.5 | 2022 | View data |
| 2 | 2 Serbia | 13.4 | 2022 | View data |
| 3 | 3 Bulgaria | 12.4 | 2022 | View data |
| 4 | 4 Lithuania | 10.5 | 2022 | View data |
| 5 | 5 Hungary | 10.4 | 2022 | View data |
| 6 | 6 Macedonia | 10.1 | 2022 | View data |
| 7 | 7 Montenegro | 8.5 | 2022 | View data |
| 8 | 8 Romania | 8.2 | 2022 | View data |
| 9 | 9 Kosovo | 7.6 | 2022 | View data |
| 10 | 10 Slovakia | 6.5 | 2022 | View data |
