The Romanian Red Wine PDO market has seen a significant decline from 2013, where it stood at 32 million liters, to 20.479 million liters in 2023. The most pronounced drop occurred between 2021 and 2022, with a decrease of 22.42%, followed by another decline of 7.24% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -6.54%, indicating a sustained downturn in volume.
Future trends to monitor include potential market stabilization efforts, shifts in consumer preferences, and the effects of economic conditions. Monitoring legislative changes and their impact on production and exports will also be crucial.
How does Romania rank in Red Wine PDO Market Size Volume?
| # | 6 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,100,700,000 | 2023 | +2.73% | +5.87% | View data |
| 2 | 2 France | 1,020,100,000 | 2023 | +0.24% | -0.32% | View data |
| 3 | 3 Romania | 20,479,000 | 2023 | -7.24% | -6.54% | |
| 4 | 4 Croatia | 5,169,900 | 2023 | -6.43% | -4.73% | View data |
| 5 | 5 Slovenia | 4,693,900 | 2023 | -3.52% | -0.87% | View data |
