European Sparkling Wine Exports Moderately Fall
IndexBox has just published a new report: ‘EU – Sparkling Wine – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.
European sparkling wine exports dropped by -4.7% y-o-y to 853M litres, reaching $5.7B in 2020. Italy remains the leading sparkling wine supplier in the EU, providing 48% of total European exports. France, Spain and Germany distantly follow Italy, with a combined 46%-share. All the key exporters reduced the supplies abroad last year. The sparkling wine export price in the EU decreased by -8.2% y-o-y in 2020.
Sparkling Wine Exports in the EU
Sparkling wine exports fell to 853M litres in 2020, declining by -4.7% compared with the figures of the previous year. In value terms, sparkling wine exports reduced from $6.6 in 2019 to $5.7B (IndexBox estimates) in 2020.
Italy represented the largest exporter of sparkling wine in the EU, with the volume of exports reaching 409M litres, which was approx. 48% of total exports in 2020. France (191M litres) ranks second in terms of the total exports with a 22% share, followed by Spain (21%). Germany (28M litres) followed a long way behind the leaders.
In 2020, Italy saw the lowest drop regarding the volume of exported wine in physical terms. The supplies from Italy fell by -2.2% y-o-y. Spain (-3.5% y-o-y), France (-10.2% y-o-y) and Germany (-11.5% y-o-y) illustrated a downward trend over the same period. The shares of other largest exporters remained relatively stable throughout the analyzed period.
In value terms, the largest sparkling wine supplying countries in the EU were France ($3.2B), Italy ($1.7B) and Spain ($462M), together accounting for 93% of total exports.
The sparkling wine export price in the EU stood at $6.7 per litre in 2020, dropping by -8.2% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($17 per litre), while Spain ($2.5 per litre) was amongst the lowest. Last year, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced a decline in the export price figures.
Leading Importers of Sparkling Wine from Italy and France
The UK remains the key importer of sparkling wine from Italy, accounting for 26% of the total Italian exports. The U.S. (22%), Germany (8%), France (5%) and Russia (4%) follow the UK.
The bulk of sparkling wine volume from France goes to the U.S. (17%), the UK (15%) and Germany (14%). Belgium, Italy, Japan and Australia distantly follow these importers.
Source: IndexBox Platform
SEKO Logistics Taps MyFBAPrep to be Preferred Amazon FBA Partner