The forecast for the average excise duty on wine in the UK, expressed in euros per hectoliter, shows a consistent upward trend from 2024 through 2028. In 2023, the actual excise duty was significantly lower than the forecasted figures for 2024. The yearly percentage increase is around 1.4%, highlighting slow yet steady growth. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a similar consistent increase. These projections reflect strong regulatory adjustments likely influenced by fiscal policies and inflation.
Future trends to watch for include potential adjustments in trade agreements or domestic policy changes post-Brexit, which might impact excise duties. Additionally, shifts in consumer wine consumption patterns or broader economic conditions could lead to further revisions in these forecasts.
