The Bulgarian wine market, measured in volume, reached 78.927 million liters in 2023. This represents a slight decline from the previous year, continuing a downward trend seen since 2017's peak at 90.694 million liters. The past decade has been marked by volatility, with significant growth between 2015 and 2016, followed by a downturn beginning in 2018. The CAGR over the last five years reflects a negative trend of -2.39%, indicating a slow contraction in market volume.
Future Trends to Watch:
- Potential for market stabilization or growth as consumer preferences and economic circumstances evolve post-pandemic.
- Impact of international trade agreements and domestic wine consumption trends on market dynamics.
- Investments in wine tourism and quality enhancement may stimulate demand.
How does Bulgaria rank in Wine Market Size Volume?
| # | 15 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,301,100,000 | 2023 | +3.17% | +0.078% | View data |
| 2 | 2 Germany | 2,074,400,000 | 2023 | +3.43% | +4.22% | View data |
| 3 | 3 United Kingdom | 1,257,000,000 | 2023 | +0.26% | +0.8% | View data |
| 4 | 4 Portugal | 1,000,600,000 | 2023 | +4.52% | +3.65% | View data |
| 5 | 5 Sweden | 202,840,000 | 2023 | +1.04% | +0.52% | View data |
| 8 | 8 Poland | 163,480,000 | 2023 | +3.41% | +3.81% | View data |
| 9 | 9 Greece | 110,460,000 | 2023 | +0.082% | -0.97% | View data |
| 10 | 10 Bulgaria | 78,927,000 | 2023 | -1.73% | -2.39% | |
| 11 | 11 Finland | 76,276,000 | 2023 | +1.31% | -1.15% | View data |
| 12 | 12 Austria | 54,776,000 | 2023 | +0.53% | +0.52% | View data |
