The European Alcoholic Beverages Nominal Expenditure data for 2023-2024 shows varied growth across countries, with the United Kingdom, Germany, and France leading in absolute values. Notable year-on-year increases include Bulgaria at 10.83%, Croatia at 9.7%, and Norway at 8.91%, indicating a significant rise in expenditure. Conversely, Bosnia and Herzegovina and Kosovo saw declines of -0.97% and -17.99%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years reveals an average yearly increase in most countries, highlighting the overall upward trend in alcohol spending in Europe.
Future trends to watch:
- Increased spending in Eastern European countries like Bulgaria and Croatia is expected to continue.- Scandinavian countries are also showing strong year-on-year growth, particularly Norway.- Potential stabilization or decline in countries with recent negative trends, such as Kosovo and Bosnia and Herzegovina.- Increased focus on premium and craft alcoholic beverages, influencing expenditure patterns across Europe.
Top countries in Alcoholic Beverages Nominal Expenditure by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 32,900 | 2023 | +2.83% | +6.72% | View data |
| 2 | 2 Germany | 30,180 | 2023 | +0.38% | +4.52% | View data |
| 3 | 3 France | 25,790 | 2023 | +5.04% | +3.7% | View data |
| 4 | 4 Poland | 13,940 | 2023 | +2.87% | +7.13% | View data |
| 5 | 5 Italy | 11,760 | 2023 | +0.5% | +3.24% | View data |
| 6 | 6 Spain | 11,340 | 2023 | +4.31% | +6.96% | View data |
| 7 | 7 Switzerland | 8,110 | 2023 | +2.43% | +7.3% | View data |
| 8 | 8 Netherlands | 5,800 | 2023 | +8.64% | +8.39% | View data |
| 9 | 9 Sweden | 5,260 | 2023 | +2.08% | +5.37% | View data |
| 10 | 10 Czech Republic | 5,000 | 2023 | +6.93% | +7.53% | View data |
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