The Hungarian sparkling wine market showed fluctuations between 2013 and 2023, with a 2023 market size of 54.085 million Euros. Key trends display considerable variability: a significant drop in 2015, followed by a recovery in 2018 and another decline in 2020. Recent years have shown gradual recovery with notable growth in 2021 and moderate increases in 2022 and 2023. The five-year CAGR leading to 2023 registers a slight negative trend.
Future trends to monitor:
- Consumption pattern shifts influenced by global economic conditions.
- Potential market expansion driven by innovation and sustainability practices.
- Impact of international trade policies on production and pricing.
How does Hungary rank in Sparkling Wine Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,244,400,000 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 1,171,800,000 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | View data |
| 6 | 6 Portugal | 180,670,000 | 2023 | +2.23% | +3.28% | View data |
| 7 | 7 Denmark | 80,829,000 | 2023 | +3.65% | +3.64% | View data |
| 8 | 8 Hungary | 54,085,000 | 2023 | +0.28% | -0.16% | |
| 9 | 9 Lithuania | 44,634,000 | 2023 | +2.89% | +8.32% | View data |
| 10 | 10 Greece | 42,099,000 | 2023 | +5.68% | +5.08% | View data |
