The sparkling wine market in Austria experienced varied trends from 2012 to 2022. The market size in volume started at 27.149 million liters in 2012. After fluctuating over the years, it experienced considerable decline with the lowest volume recorded at 20.166 million liters in 2021. Despite a slight rebound in 2022 to 21.002 million liters, the overall trend indicates a shrinking market. Specifically, the past five years from 2017-2022 show a Compound Annual Growth Rate (CAGR) of -0.88%, reflecting a general downturn.
Recent year-on-year variations highlight the volatility with 2021 seeing a -6.6% change and a subsequent 4.15% increase in 2022. It’s important to note that the sparkling wine market volume stood around 21.002 million liters by the end of 2022.
Moving forward, future trends in consumer preferences, economic conditions, and an increasing focus on premium products may influence the market. Additionally, observing the impact of sustainability practices and innovative marketing strategies will be crucial for predicting future market dynamics.
How does Austria rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | View data |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | View data |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | View data |
| 6 | 6 Austria | 18,908,000 | 2023 | -2.86% | -3.01% | |
| 7 | 7 Hungary | 14,365,000 | 2023 | +0.57% | -2.24% | View data |
| 8 | 8 Czech Republic | 9,909,200 | 2023 | +8.13% | +10.29% | View data |
