The Red Wine PDO market in Romania has demonstrated a downward trend over the past decade, with a notable decline in value from 76.771 million euros in 2013 to 57.379 million euros in 2023. The market exhibited significant volatility, with year-on-year variations, including a sharp decline in 2017, followed by sluggish recovery attempts. Over the last five years, the compound annual growth rate (CAGR) was negative, indicating an average decrease in market value.
Forecasted trends suggest a cautious outlook for the future. To stabilize and potentially grow the market, watch for increasing local consumption, interest in boutique and organic wines, and innovative marketing strategies to attract younger consumers and capitalize on emerging wine tourism appeal.
How does Romania rank in Red Wine PDO Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 89,031,000 | 2023 | +2.23% | -3.27% | View data |
| 2 | 2 Romania | 57,379,000 | 2023 | -2.84% | -1.36% | |
| 3 | 3 Croatia | 36,925,000 | 2023 | +0.14% | +1.12% | View data |
| 4 | 4 Greece | 35,529,000 | 2023 | -0.21% | -0.64% | View data |
| 5 | 5 Slovenia | 16,552,000 | 2023 | -2.13% | -1.06% | View data |
