The Red Wine without PDO Market in Czech Republic experienced varied growth from 2013 to 2023. Following a decline in 2013, the market saw significant increases, peaking in 2018. However, a decline from 2019 through 2020 followed. A resurgence was noted in 2021, but since then the values have slightly fluctuated. By 2023, the market was valued at approximately 244.71 million Euros, showing a marginal year-on-year increase of 1.06%. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at -0.72%.
Future trends to watch:
- Fluctuations driven by shifts in consumer preferences toward premium wines.
- Potential impact of economic factors and inflation affecting discretionary spending.
- Emergence of new players or products in the local market focusing on quality and sustainability.
- Growing interest in local wines as part of a broader trend toward local consumption.
How does the Czech Republic rank in Red Wine without PDO Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,242,800,000 | 2023 | -0.68% | -0.18% | View data |
| 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 |
| 6 | 6 Poland | 348,920,000 | 2023 | +4.56% | +4.04% | View data |
| 7 | 7 Czech Republic | 244,710,000 | 2023 | +1.06% | -0.72% | |
| 8 | 8 Bulgaria | 151,720,000 | 2023 | +2.97% | +0.94% | View data |
| 9 | 9 Finland | 151,630,000 | 2023 | -0.52% | +1.44% | View data |
