The Still Wine market in Luxembourg showed a steady increase in volume over the years, reaching 16.173 million liters in 2023. Between 2013 and 2023, the market exhibited fluctuations with notable drops in 2014 and 2015. However, the subsequent years demonstrated a consistent upward trend, with a 2023 year-on-year growth of 2.08%. The compound annual growth rate (CAGR) over the past five years is 1.93%, indicating sustained market growth.
Future trends to watch for include:
- Increasing consumer interest in organic and sustainably produced wines, impacting market preferences.
- The influence of evolving import-export regulations within the EU, which could affect supply chains.
- Potential economic impacts from global events and shifting consumer spending behaviors.
How does Luxembourg rank in Still, Wine Market Size Volume?
| # | 13 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,784,200,000 | 2023 | +1.81% | +1.58% | View data |
| 2 | 2 United Kingdom | 1,096,000,000 | 2023 | -0.07% | +0.47% | View data |
| 3 | 3 Portugal | 965,380,000 | 2023 | +4.58% | +3.55% | View data |
| 4 | 4 Sweden | 172,070,000 | 2023 | -0.56% | -0.26% | View data |
| 5 | 5 Czech Republic | 160,360,000 | 2023 | +1.19% | -2.39% | View data |
| 10 | 10 Finland | 67,040,000 | 2023 | +1.15% | -1.58% | View data |
| 11 | 11 Lithuania | 32,114,000 | 2023 | +4.66% | +2.4% | View data |
| 12 | 12 Luxembourg | 16,173,000 | 2023 | +2.08% | +1.93% | |
| 13 | 13 Estonia | 13,817,000 | 2023 | +2.86% | +1.05% | View data |
