The Finnish wine market has shown fluctuations in its market size value over the years. From 2012 to 2022, the market experienced periods of growth and decline. A significant year-on-year increase occurred in 2018 when the market value jumped by 18.54%. However, subsequent years saw varying trends with slight declines such as in 2019 by -5.07% and 2021 by -3.09%. From 2018 to 2022, the market had an average annual growth rate (CAGR) of 2.93%, ending 2022 at 334.19 million euros.
Recent trends indicate moderate growth, with the last two years showing a positive year-on-year variation, 2.89% and 2.95%. Moving forward, the value of the wine market in Finland stood around 334.19 million euros in 2023.
Future trends to watch for include potential impacts of economic factors on consumer purchasing power, shifts in consumer preferences towards premium wine segments, and evolving regulations around alcohol sales which could influence market dynamics. Sustainable and organic wine options may also gain traction, altering market compositions and growth trajectories.
How does Finland rank in Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,357,200,000 | 2023 | +4.86% | +8.27% | View data |
| 2 | 2 United Kingdom | 4,614,600,000 | 2023 | +0.11% | +0.95% | View data |
| 3 | 3 Sweden | 1,163,000,000 | 2023 | +2.47% | +3.83% | View data |
| 4 | 4 Denmark | 776,400,000 | 2023 | +0.96% | +1.91% | View data |
| 5 | 5 Czech Republic | 591,010,000 | 2023 | +3.24% | +2.61% | View data |
| 6 | 6 Poland | 560,620,000 | 2023 | +4.89% | +3.99% | View data |
| 7 | 7 Finland | 352,440,000 | 2023 | +2.25% | +0.55% | |
| 8 | 8 Greece | 293,050,000 | 2023 | +2.63% | -2.36% | View data |
| 9 | 9 Slovakia | 233,900,000 | 2023 | +7.2% | +8.75% | View data |
