The Still Wine Market in the UK exhibited fluctuating trends from 2012 to 2022. Initially, the market experienced a slight decline between 2012 and 2014, followed by a recovery in 2015. A significant decline occurred in 2016, with a continued downward trend until 2017. The market saw a minor recovery in 2018 and 2019, with another sharp dip in 2020 likely due to the global pandemic. A rebound emerged in 2021, with a slight dip again in 2022.
Key fluctuations and year-on-year variations:
- 2012: Market size growth (+19.87%)
- 2013: Decline (-8.18%)
- 2014: Decline (-5.37%) with a CAGR of 1.35%
- 2015: Growth (+8.37%) with a CAGR of 3.4%
- 2016: Significant decline (-16.03%) with a CAGR of -1.07%
- 2017: Minor decline (-1.76%) with a CAGR of -4.93%
- 2018: Stable with minor growth (+0.12%) with a CAGR of -3.27%
- 2019: Moderate growth (+6.19%) with a CAGR of -1.01%
- 2020: Sharp decline (-18.88%) with a CAGR of -6.58%
- 2021: Recovery (+20.04%) with a CAGR of 0.34%
- 2022: Slight decline (-0.36%) with a CAGR of 0.62%
Future trends to watch in the Still Wine Market include potential growth driven by increased consumer demand for higher-quality products, a resurgence in wine tourism, and innovation in sustainable wine production. However, market volatility may persist due to economic uncertainties and changing consumer preferences.
How does the United Kingdom rank in Still, Wine Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,373,400,000 | 2023 | +3.94% | +2.81% | View data |
| 2 | 2 United Kingdom | 3,427,700,000 | 2023 | -0.35% | +0.53% | |
| 3 | 3 Sweden | 890,910,000 | 2023 | +1.37% | +3.38% | View data |
| 4 | 4 Denmark | 753,330,000 | 2023 | +2.88% | +3.36% | View data |
| 5 | 5 Czech Republic | 533,710,000 | 2023 | +3.17% | +2.13% | View data |
