The UK red wine market, excluding PDO, experienced notable fluctuations from 2013 to 2023, with its value peaking in 2014, only to face a significant decline in 2020. By 2023, the market stood at 2.24 billion euros, with recent years showing moderate but frequent fluctuations and a compound annual growth rate (CAGR) of -0.18% over five years.
Future trends to watch:
- Sustainability and organic wine preferences growing among consumers.
- A potential increase in domestic wine production impacting imports.
- Effects of Brexit-related trade policies on wine import prices.
- Shifts in consumer spending habits due to economic conditions.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,242,800,000 | 2023 | -0.68% | -0.18% | |
| 2 | 2 Germany | 2,009,800,000 | 2023 | +4.08% | +4.15% | View data |
| 3 | 3 Portugal | 691,970,000 | 2023 | +5.18% | +4.61% | View data |
| 4 | 4 Sweden | 532,350,000 | 2023 | +1.31% | +2.26% | View data |
| 5 | 5 Denmark | 360,880,000 | 2023 | +0.45% | -0.21% | View data |
