The Still Wine Market in Bulgaria showed fluctuations over the past decade, peaking in 2018 at €167.87 million and dropping in 2020 to €141.43 million. An upward trend since then took the market to €166.9 million in 2023. Year-on-year growth over the last two years shows a positive trend, with 2022 and 2023 increasing by 6.61% and 4.8% respectively. The average annual growth rate over the past five years indicates a slight contraction, with a CAGR of -0.12%.
Future trends to watch for include the impact of changing consumer preferences towards premium wines, increasing focus on sustainability, and potential shifts in export-import dynamics driven by EU regulations and economic conditions.
How does Bulgaria rank in Still, Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,373,400,000 | 2023 | +3.94% | +2.81% | View data |
| 2 | 2 United Kingdom | 3,427,700,000 | 2023 | -0.35% | +0.53% | View data |
| 3 | 3 Sweden | 890,910,000 | 2023 | +1.37% | +3.38% | View data |
| 4 | 4 Denmark | 753,330,000 | 2023 | +2.88% | +3.36% | View data |
| 5 | 5 Czech Republic | 533,710,000 | 2023 | +3.17% | +2.13% | View data |
| 7 | 7 Finland | 263,790,000 | 2023 | +1.68% | -0.52% | View data |
| 8 | 8 Greece | 256,900,000 | 2023 | +2.4% | -2.88% | View data |
| 9 | 9 Bulgaria | 166,900,000 | 2023 | +4.8% | -0.12% | |
| 10 | 10 Slovakia | 129,450,000 | 2023 | -1.66% | -2% | View data |
| 11 | 11 Luxembourg | 118,710,000 | 2023 | +2.72% | +1.5% | View data |
