The Austrian wine market has experienced fluctuations in volume over the past decade. Starting from 56.101 million liters in 2012, the market witnessed both growth and decline, reaching its lowest at 43.125 million liters in 2021. The year-on-year variations indicate significant drops in specific years, such as -10.94% in 2014 and -12.8% in 2021. However, periods of recovery were observed, notably a 23.9% increase in 2016 and a modest rebound by 3.61% in 2022. The CAGR for the last five years averaged to -4.2%, reflecting a general downward trend in wine consumption.
Future trends to watch for include potential shifts in consumer preferences towards premium and organic wines, increased export opportunities, and innovations in wine production and marketing. Additionally, climate change impacts and economic factors could influence the market dynamics significantly.
How does Austria rank in Wine Market Size Volume?
| # | 15 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,301,100,000 | 2023 | +3.17% | +0.078% | View data |
| 2 | 2 Germany | 2,074,400,000 | 2023 | +3.43% | +4.22% | View data |
| 3 | 3 United Kingdom | 1,257,000,000 | 2023 | +0.26% | +0.8% | View data |
| 4 | 4 Portugal | 1,000,600,000 | 2023 | +4.52% | +3.65% | View data |
| 5 | 5 Sweden | 202,840,000 | 2023 | +1.04% | +0.52% | View data |
| 10 | 10 Bulgaria | 78,927,000 | 2023 | -1.73% | -2.39% | View data |
| 11 | 11 Finland | 76,276,000 | 2023 | +1.31% | -1.15% | View data |
| 12 | 12 Austria | 54,776,000 | 2023 | +0.53% | +0.52% | |
| 13 | 13 Lithuania | 35,202,000 | 2023 | +2.27% | +0.58% | View data |
| 14 | 14 Luxembourg | 18,016,000 | 2023 | +2.14% | +1.86% | View data |