In 2023, the import of sparkling grape wines to France was 30 million kilograms. Forecasting between 2024 and 2028 indicates a steady growth in volume, with a year-on-year increase ranging between 2.8% and 2.5%, and a compound annual growth rate (CAGR) of approximately 2.6% over the forecasted five-year period.
Future trends to watch for:
- Changes in consumer preferences towards premium wine varieties could impact import dynamics.
- International trade policies and tariffs may affect import volumes and costs.
- Economic factors such as inflation and currency exchange rates could influence import viability and prices.
- Climate change effects on grape production could affect both global supply and domestic demand in France.