France leads European wine production by value, amounting to €19.88 billion, with a notable year-on-year increase of 7.13% in 2023. Italy follows with €12.97 billion, reflecting a modest 2.26% rise. Spain, Germany, and Portugal also contribute substantially, although Spain saw a slight downturn of 0.56%. Emerging markets like Serbia and Denmark depict significant positive variations, with 16.45% and 11.14% respectively. Conversely, Romania, Bulgaria, and Bosnia and Herzegovina experienced declines, with Romania at -1.98%.
Future Trends:
- Sustainability practices driving higher value in established markets, particularly in France and Italy.
- Rising niche markets and organic wine production in regions like Germany and Austria.
- Potential growth in Eastern Europe driven by improving quality and investments.
Top countries in Wine Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 19,880 | 2023 | +4.47% | +7.13% | View data |
| 2 | 2 Italy | 12,970 | 2023 | +3.24% | +2.26% | View data |
| 3 | 3 Spain | 8,010 | 2023 | +2.04% | -0.56% | View data |
| 4 | 4 Germany | 2,810 | 2023 | +1.41% | +1.85% | View data |
| 5 | 5 Portugal | 1,860 | 2023 | +2.27% | +1.99% | View data |
| 6 | 6 Greece | 383.1 | 2023 | +3.57% | -0.14% | View data |
| 7 | 7 Hungary | 356 | 2023 | +0.85% | -0.42% | View data |
| 8 | 8 Romania | 248.6 | 2023 | +1.51% | -1.98% | View data |
| 9 | 9 Austria | 172.4 | 2023 | -0.23% | -0.33% | View data |
| 10 | 10 Bulgaria | 128.4 | 2023 | +4.73% | -1.95% | View data |
