Forecast: Whisky Market Size Value in Spain

The Whisky Market in Spain experienced significant fluctuations in value between 2013 and 2023. Starting at 568.01 million euros in 2013, the market showed periods of growth and decline. Notable years include a dip in 2017 with a year-on-year decrease of 11.99% and a sharp decline in 2020 by 16.51%, likely due to the COVID-19 pandemic. Recovery was visible in 2021 with a 15.12% increase, and the market stood at 623.55 million euros in 2023, marking a slight growth of 0.55% from 2022. The CAGR for the last five years was 0.69%.

Future trends indicate a steady yet modest growth with a forecasted 5-year CAGR of 0.46% and an overall growth rate of 2.31% by 2028. Watch for market drivers such as consumer preference shifts, economic factors, and potential regulatory changes impacting both domestic production and imports.

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