The Red Wine PDO market in Hungary reached 89.031 million euros by 2023. In recent years, a gradual recovery is seen with a 2.23% growth from 2022 to 2023. Despite fluctuating figures over the last decade, the market faced a downturn around 2019 but has been progressively improving, though with a negative CAGR of -3.27% over the past five years, indicating a declining average annually.
Future trends to watch for include:
- Potential market stabilization post-2023 with shifts in consumer preferences.
- Influence of economic factors and wine tourism on market dynamics.
- Sustainability and organic wine production trends impacting market share.
How does Hungary rank in Red Wine PDO Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 89,031,000 | 2023 | +2.23% | -3.27% | |
| 2 | 2 Romania | 57,379,000 | 2023 | -2.84% | -1.36% | View data |
| 3 | 3 Croatia | 36,925,000 | 2023 | +0.14% | +1.12% | View data |
| 4 | 4 Greece | 35,529,000 | 2023 | -0.21% | -0.64% | View data |
| 5 | 5 Slovenia | 16,552,000 | 2023 | -2.13% | -1.06% | View data |
