Over the past decade, the Still Wine Market Size Volume in Sweden has demonstrated significant fluctuations. Starting from 188.24 million liters in 2012, the market grew consistently until 2016, peaking at 195.49 million liters in 2015. However, a decline followed, reaching its lowest in 2020 at 145.28 million liters. A recovery was noted in the subsequent years, with the volume reaching 173.04 million liters in 2022. In 2023, the volume is estimated to stabilize around similar levels as 2022.
Year-on-year variations over the last two years reveal an increase of 13.8% in 2021 and a further 4.67% rise in 2022. The Compound Annual Growth Rate (CAGR) for the past five years stands at -1.61%, reflecting the market's overall downtrend during that period.
Future trends to watch for:
- Potential market stabilization or growth based on recent recovery trends post-2020.
- Impact of consumer preferences shifting towards health and wellness, potentially affecting alcohol consumption.
- Economic factors and purchasing power influencing consumer spending on luxury items like wine.
How does Sweden 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% | |
| 5 | 5 Czech Republic | 160,360,000 | 2023 | +1.19% | -2.39% | View data |
| 6 | 6 Denmark | 156,980,000 | 2023 | +2.33% | +2.03% | View data |
