Between 2013 and 2023, Portugal's whisky market experienced fluctuations, with market size value peaking at €52.509 million in 2018 and hitting a low of €38.242 million in 2020. The market stood at €42.299 million in 2023, reflecting a slight growth of 0.15% year-on-year from 2022. The compound annual growth rate (CAGR) over the past five years was -4.23%, indicating a general declining trend in the market by the end of this period.
Future trends to watch for include:
- Shifts in consumer preferences towards premium and craft whisky products which might influence market dynamics.
- Potential increased demand driven by tourism recovery post-pandemic.
- Regulatory impacts on alcohol consumption that could affect market growth.
How does Portugal rank in Whisky Market Size Value?
| # | 15 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 681,040,000 | 2023 | -0.72% | -1.41% | View data |
| 2 | 2 Spain | 623,550,000 | 2023 | +0.55% | +0.69% | View data |
| 3 | 3 Poland | 419,290,000 | 2023 | +8.39% | +10.52% | View data |
| 4 | 4 Germany | 319,710,000 | 2023 | +1.73% | +0.41% | View data |
| 5 | 5 Bulgaria | 119,980,000 | 2023 | +3.21% | +3.72% | View data |
| 9 | 9 Italy | 59,992,000 | 2023 | -7.11% | -4.52% | View data |
| 10 | 10 Belgium | 43,540,000 | 2023 | -2.65% | -2.12% | View data |
| 11 | 11 Portugal | 42,299,000 | 2023 | +0.15% | -4.23% | |
| 12 | 12 Austria | 37,827,000 | 2023 | +4.79% | +0.63% | View data |
| 13 | 13 Finland | 32,369,000 | 2023 | +2.95% | +1.36% | View data |
