Over the past decade, Hungary's sparkling wine market experienced fluctuations in volume, starting at 16.94 million liters in 2013 and reaching 14.365 million liters in 2023. The market's compound annual growth rate over the last five years was negative, indicating a slight decline on average each year. Despite some rebounds, such as in 2017 and 2018, the overall trend was downward, worsened by an 11.18% drop in 2020.
Future trends to watch for:
-Potential market stabilization or growth as consumers' preferences shift or economic conditions improve.
-Influence of global trends towards premiumization and increased demand for quality over quantity in sparkling wines.
How does Hungary rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | View data |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | View data |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | View data |
| 6 | 6 Austria | 18,908,000 | 2023 | -2.86% | -3.01% | View data |
| 7 | 7 Hungary | 14,365,000 | 2023 | +0.57% | -2.24% | |
| 8 | 8 Czech Republic | 9,909,200 | 2023 | +8.13% | +10.29% | View data |
| 9 | 9 Denmark | 7,884,900 | 2023 | +2.8% | +1.94% | View data |
