The wine vinegar market in Spain has shown fluctuating trends over the past decade. Between 2012 and 2016, the market experienced a consistent decline, with the value dropping from 75.252 million liters to 69.899 million liters. A modest recovery was noted in 2017 when it rose to 72.534 million liters followed by a significant peak of 78.879 million liters in 2019. However, this growth was short-lived as the volume decreased again in the subsequent years, reaching 74.452 million liters in 2021. The market marginally recovered to 75.481 million liters in 2022.
Year-on-year variations over the last two years show a decline of 4.83% in 2021 followed by a 1.38% growth in 2022. The CAGR over the last five years stands at 0.8%, indicating a relatively stable but low growth rate.
Future trends to watch for in the wine vinegar market in Spain include potential shifts in consumer preferences, the impact of economic changes, and innovations in production processes. Monitoring these factors will be crucial for predicting market performance in the coming years.
How does Spain rank in Wine Vinegar Market Size Volume?
| # | 6 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 72,953,000 | 2023 | -1.23% | +0.69% | |
| 2 | 2 Germany | 34,853,000 | 2023 | +0.52% | -0.67% | View data |
| 3 | 3 France | 33,774,000 | 2023 | +2.94% | +2.04% | View data |
| 4 | 4 Romania | 11,821,000 | 2023 | +5.26% | +2.18% | View data |
| 5 | 5 Bulgaria | 5,869,800 | 2023 | -4.31% | -1.19% | View data |
