The wine market volume in Luxembourg stood at 18.51 million liters in 2023. The market has shown an overall positive growth trend in recent years, with a Compound Annual Growth Rate (CAGR) of 1.86% over the last five years. Year-on-year growth saw a notable increment of 2.14% in 2023 following a rise of 7.25% in 2022.
Future trends to watch for include:
- Potential impact of changing consumer preferences towards sustainable and organic wine products.
- Economic factors and disposable income changes influencing wine consumption.
- Regulatory changes and potential tariffs impacting import and export dynamics.
How does Luxembourg 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 |
| 12 | 12 Austria | 54,776,000 | 2023 | +0.53% | +0.52% | View data |
| 13 | 13 Lithuania | 35,202,000 | 2023 | +2.27% | +0.58% | View data |
| 14 | 14 Luxembourg | 18,016,000 | 2023 | +2.14% | +1.86% | |
| 15 | 15 Estonia | 17,374,000 | 2023 | +0.64% | +0.83% | View data |
