The wine price per unit in Luxembourg saw fluctuations between 2010 and 2020, with low points in 2011 and 2014, where prices retracted slightly below €7.40 per liter, and a clear upward trend emerged from 2016 onwards. Over the last two years before 2020, there was a notable increase of 4.27% in 2019 and a stronger increase of 3.50% in 2020. The recent Compound Annual Growth Rate (CAGR) over the last five years up to 2020 stood at approximately 2.54%, demonstrating a moderate growth trajectory.
Future trends to watch for include potential influences of the global wine industry shifts, evolving consumer preferences, and economic conditions in Europe that could maintain the upward trend or add volatility to Luxembourg's wine prices.
