From 2013 to 2023, the Brandy and Cognac market in Germany has experienced fluctuating values, starting at 257.17 million Euros in 2013 and decreasing to 172.25 million Euros in 2023. The market saw significant declines, particularly in 2015 by -22.8% and 2017 by -15.33%. Although recovery was marked with increases around 2016 and 2018, the overall trend has been downward, with the most recent years showing a consistent decrease of -10.76% in 2022 and -3.53% in 2023. Over the last five years, the compound annual growth rate (CAGR) reflects a negative trend at -3.24%, indicating a steady decline in market value.
Future trends to watch for include the impact of changing consumer preferences towards premium and quality spirits, potential economic shifts that could affect disposable income, and regulatory changes within the alcohol and beverage industry that could influence market dynamics. Monitoring these factors will be crucial for understanding the market's trajectory and opportunities for growth.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
