The European Fortified Wines Harmonised Index of Consumer Prices (HICP) reveals significant variation across countries in 2024. Ireland leads with a notable increase of 14.4%, followed closely by Lithuania at 13.3%. Other countries such as Croatia and Denmark show mid-range growth around 6%, while several countries including Poland, Finland, Czech Republic, the Netherlands, Belgium, and Romania exhibit moderate rises of approximately 4-5%. Many Western European countries like France, Italy, and Luxembourg demonstrate smaller increases, with Germany and Sweden showing minimal upticks. Interestingly, Estonia faces a slight downward trend at -1.1%, suggesting unique market dynamics.
Future trends to watch in the European fortified wines market will likely include price adjustments in response to changes in production costs, consumer preferences, and potential regulatory impacts. Monitoring economic recovery and inflation trends will also be crucial, as these factors can heavily influence HICP variations across the continent.
Top countries in Fortified Wines HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Ireland | 14.4 | 2022 | View data |
| 2 | 2 Lithuania | 13.3 | 2022 | View data |
| 3 | 3 Croatia | 6.6 | 2022 | View data |
| 4 | 4 Denmark | 6.2 | 2022 | View data |
| 5 | 5 Poland | 4.9 | 2022 | View data |
| 6 | 6 Finland | 4.8 | 2022 | View data |
| 7 | 7 Czech Republic | 4.7 | 2022 | View data |
| 8 | 8 Netherlands | 4.7 | 2022 | View data |
| 9 | 9 Belgium | 4.7 | 2022 | View data |
| 10 | 10 Romania | 4.6 | 2022 | View data |
