The red wine without PDO market in Sweden stood at 532.35 million Euros in 2023. Over the last decade, the market experienced fluctuations, peaking in 2021 before witnessing slight but consistent growth in 2022 and 2023. The year-on-year growth for 2023 was 1.31%, aligning with the steady increase trend since 2020, following a dip in the late 2010s. The five-year compound annual growth rate (CAGR) up to 2023 was 2.26%, indicating moderate but stable growth over this period.
Future trends to watch include a continued focus on sustainability and organic products, potential impacts of inflation on consumer spending, and evolving consumer preferences towards premium and innovative wine offerings. Monitoring these trends could offer insights into potential market shifts and opportunities.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,242,800,000 | 2023 | -0.68% | -0.18% | View data |
| 2 | 2 Germany | 2,009,800,000 | 2023 | +4.08% | +4.15% | View data |
| 3 | 3 Portugal | 691,970,000 | 2023 | +5.18% | +4.61% | View data |
| 4 | 4 Sweden | 532,350,000 | 2023 | +1.31% | +2.26% | |
| 5 | 5 Denmark | 360,880,000 | 2023 | +0.45% | -0.21% | View data |
| 6 | 6 Poland | 348,920,000 | 2023 | +4.56% | +4.04% | View data |
