Spain - Wine - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWine Price in Spain - 2023
Contents:
- Wine Price in Spain (FOB) - 2023
- Wine Price in Spain (CIF) - 2023
- Wine Exports in Spain
- Wine Imports in Spain
Wine Price in Spain (FOB) - 2023
In August 2023, the average wine export price amounted to $1.5 per litre, falling by -5.6% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 7.3% against the previous month. Over the period under review, the average export prices attained the maximum at $1.6 per litre in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($5.6 per litre), while the average price for exports to Portugal ($523 per thousand litres) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wine Price in Spain (CIF) - 2023
In August 2023, the average wine import price amounted to $5.6 per litre, dropping by -27.6% against the previous month. Overall, import price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, wine import price decreased by -27.6% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 53% month-to-month. The import price peaked at $7.7 per litre in July 2023, and then fell dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($20.7 per litre), while the price for South Africa ($453 per thousand litres) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Australia (+27.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Wine Exports in Spain
In 2022, exports of wine from Spain declined to 2.1B litres, which is down by -8.9% against 2021 figures. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of 2.3B litres, and then contracted in the following year.
In value terms, wine exports fell to $3.4B in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of $3.4B, leveling off in the following year.
| Export of Wine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 372 | 391 | 417 | 410 | 3.3% |
| United States | 331 | 303 | 381 | 391 | 5.7% |
| United Kingdom | 324 | 381 | 418 | 339 | 1.5% |
| France | 273 | 261 | 247 | 283 | 1.2% |
| Netherlands | 123 | 157 | 156 | 155 | 8.0% |
| Belgium | 110 | 105 | 127 | 127 | 4.9% |
| Portugal | 123 | 123 | 122 | 126 | 0.8% |
| Japan | 106 | 96.7 | 108 | 116 | 3.1% |
| China | 143 | 101 | 137 | 96.6 | -12.3% |
| Sweden | 72.6 | 79.1 | 88.3 | 95.8 | 9.7% |
| Italy | 49.6 | 57.7 | 90.2 | 68.1 | 11.1% |
| Russia | 51.4 | 22.9 | 22.4 | 38.3 | -9.3% |
| Cote d'Ivoire | 18.9 | 18.6 | 24.7 | 29.7 | 16.3% |
| Others | 898 | 913 | 1,078 | 1,111 | 7.4% |
| Total | 2,994 | 3,012 | 3,418 | 3,387 | 4.2% |
Top Export Markets for Wine from Spain in 2022:
- France (445.8M litres)
- Germany (394.9M litres)
- Portugal (213.4M litres)
- Italy (130.6M litres)
- United Kingdom (126.7M litres)
- United States (73.6M litres)
- Netherlands (57.0M litres)
- Belgium (55.2M litres)
- Cote d'Ivoire (47.2M litres)
- Japan (45.1M litres)
- China (43.1M litres)
- Sweden (32.1M litres)
- Russia (21.9M litres)
Wine Imports in Spain
In 2022, overseas purchases of wine decreased by -6.5% to 67M litres, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of 82M litres. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wine imports rose remarkably to $317M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Wine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 129 | 88.0 | 165 | 180 | 11.7% |
| Italy | 43.3 | 35.2 | 45.9 | 55.2 | 8.4% |
| Portugal | 12.7 | 13.8 | 20.5 | 20.9 | 18.1% |
| Germany | 7.4 | 6.3 | 7.7 | 11.5 | 15.8% |
| United Kingdom | 13.7 | 8.9 | 8.9 | 8.3 | -15.4% |
| Australia | 2.3 | 0.8 | 1.2 | 7.3 | 47.0% |
| Argentina | 3.4 | 17.3 | 4.1 | 6.0 | 20.8% |
| Chile | 4.5 | 4.8 | 5.4 | 5.7 | 8.2% |
| Romania | 1.7 | 2.4 | 1.1 | 0.5 | -33.5% |
| Others | 15.0 | 14.2 | 23.2 | 21.2 | 12.2% |
| Total | 233 | 192 | 283 | 317 | 10.8% |
Top Suppliers of Wine to Spain in 2022:
- Italy (22.9M litres)
- France (15.8M litres)
- Portugal (9.8M litres)
- Germany (5.0M litres)
- Chile (4.6M litres)
- United Kingdom (2.1M litres)
- Australia (1.8M litres)
- Argentina (1.3M litres)
- Romania (0.2M litres)
This report provides an in-depth analysis of the wine market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 564 - Wine
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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