The Estonian wine market has experienced fluctuations over the past decade. In 2023, the market size was 17.374 million liters, indicating a moderate recovery following a decline between 2017 and 2020.
Key observations:
- The year-on-year growth was 0.64% in 2022 and 2023, showing stabilization in volume.
- The CAGR from 2018 to 2023 was positive at 0.83%, implying gradual annual growth for the past five years.
Future Trends to Watch For:
- Shifts in consumer preferences towards innovative wine products could boost sales.
- Economic factors and tourism impact may influence wine consumption.
- Sustainability and organic trends may drive changes in production and demand dynamics.
How does Estonia rank in Wine Market Size Volume?
| # | 15 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,301,100,000 | 2023 | +3.17% | +0.078% | View data |
| 2 | 2 Germany | 2,074,400,000 | 2023 | +3.43% | +4.22% | View data |
| 3 | 3 United Kingdom | 1,257,000,000 | 2023 | +0.26% | +0.8% | View data |
| 4 | 4 Portugal | 1,000,600,000 | 2023 | +4.52% | +3.65% | View data |
| 5 | 5 Sweden | 202,840,000 | 2023 | +1.04% | +0.52% | View data |
| 13 | 13 Lithuania | 35,202,000 | 2023 | +2.27% | +0.58% | View data |
| 14 | 14 Luxembourg | 18,016,000 | 2023 | +2.14% | +1.86% | View data |
| 15 | 15 Estonia | 17,374,000 | 2023 | +0.64% | +0.83% | |
