France leads European Quality Wine Production, valued at 9.39 Billion Euros in 2024, showing a slight decline of 2.19% from the previous year. Italy follows with 8.73 Billion Euros, almost stable with a minimal drop of 0.031%. Germany and Portugal show different trajectories, with Germany at 1.07 Billion Euros decreasing by 1.16%, while Portugal, valued at 0.748 Billion Euros, sees a significant increase of 6.38%. Spain, valued at 0.656 Billion Euros, experiences a notable drop of 4.81%, and Austria, with 0.634 Billion Euros, grows by 2.15%. Lesser producers like Switzerland and Slovenia also reflect varied trends with decreases of 1.43% and 5.92%, respectively. Smaller markets such as the Czech Republic, Luxembourg, and Cyprus continue to see declines.
Future trends to watch for in European Quality Wine Production include the potential for growth in emerging markets like Portugal and Austria, driven by innovation and quality improvements. Additionally, monitoring the impact of climate change on wine production conditions and shifting consumer preferences towards sustainable and organic wines will be crucial. Given the overall varied performance, the future might see a more dynamic adjustment in regional production capabilities and market demands.
Top countries in Quality Wine Production by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 9,390 | 2023 | -6.78% | -2.19% | View data |
| 2 | 2 Italy | 8,730 | 2023 | -1.35% | -0.031% | View data |
| 3 | 3 Germany | 1,070 | 2023 | +0.41% | -1.16% | View data |
| 4 | 4 Portugal | 747.55 | 2023 | -8.18% | +6.38% | View data |
| 5 | 5 Spain | 655.64 | 2023 | +2.55% | -4.81% | View data |
| 6 | 6 Austria | 634.26 | 2023 | -7.63% | +2.15% | View data |
| 7 | 7 Switzerland | 366.92 | 2023 | -5.95% | -1.43% | View data |
| 8 | 8 Slovenia | 125.02 | 2023 | +21.93% | -5.92% | View data |
| 9 | 9 Czech Republic | 38.01 | 2023 | -4.02% | -4.79% | View data |
| 10 | 10 Luxembourg | 24.12 | 2023 | +5.74% | -1.64% | View data |
