The still wine market in Luxembourg has seen fluctuations in per capita value over the past decade, with a significant rise from 153.58 euros in 2015 to 186.33 euros in 2023. The market experienced steady growth post-2018, hitting a peak in 2023. Year-on-year, 2022 to 2023 saw an increase of approximately 1.51%. The compound annual growth rate over the last five years was approximately 1.70% per annum, indicating a moderate upward trend in consumer spending on still wine.
Future trends to watch for include potential impacts from changing consumer preferences towards sustainable and organic products, digital retail innovations, and broader economic factors such as inflation that may influence purchasing power and market value correspondingly.
How does Luxembourg rank in Still, Wine Market Size Value Per Capita?
| # | 11 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 186.33 | 2023 | |||
| 2 | 2 Denmark | 128.52 | 2023 | View data | ||
| 3 | 3 Sweden | 83.78 | 2023 | View data | ||
| 4 | 4 Germany | 54.09 | 2023 | View data | ||
| 5 | 5 United Kingdom | 50.39 | 2023 | View data | ||
