The Still Wine Market in Luxembourg reached a value of 118.71 million Euros in 2023, indicating a steady market growth from the previous years. From 2013 to 2023, the market showed fluctuating trends with a notable increase by 2023, maintaining a positive trajectory since 2020 despite minor yearly declines prior. Between 2019 and 2023, the market maintained a gentle upward trend with the Compound Annual Growth Rate (CAGR) reducing to a modest 1.5%, revealing a deceleration in expansion compared to earlier years.
Future market trends to watch for in the Luxembourg still wine sector include:
- Consumer preference shifts towards organic and natural wines.
- Potential impacts of economic fluctuations on wine consumption habits.
- Increasing influence of digital sales and marketing channels.
- Regulatory changes affecting wine imports and local production.
- Climate change's influence on wine production and vintage variations.
How does Luxembourg 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% | View data |
| 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 |
| 9 | 9 Bulgaria | 166,900,000 | 2023 | +4.8% | -0.12% | View data |
| 10 | 10 Slovakia | 129,450,000 | 2023 | -1.66% | -2% | View data |
| 11 | 11 Luxembourg | 118,710,000 | 2023 | +2.72% | +1.5% | |
