Bulk-wine slump pulls Spanish exports lower in first half of 2026

Export volume falls faster than revenue

Spanish wine exports declined in both value and volume during the first half of 2026, according to the Spanish Wine Interprofessional Organisation, OIVE, using Spanish Tax Agency data reported by Vinetur. Shipments from January through June generated €1.3264 billion, down 8.2% from the same period of 2025, while volume dropped 15.8% to 840 million litres. Spain therefore exported €118.2 million and 157.1 million litres less wine than a year earlier.

The sharper fall in volume lifted the average export price by 9%, from €1.45 to €1.58 per litre. June showed a more moderate decline than the six-month total: exports were worth €241.8 million, down 5%, while volume slipped 1.6% to 158.9 million litres. Vinetur reported that the year-on-year reductions for the month amounted to €12.8 million and 26.4 million litres.

Packaged categories retreat unevenly

Packaged wine exports, including sparkling, still, fortified, semi-sparkling and bag-in-box products, fell 6.9% in value to €1.0673 billion and 8% in volume to 371.9 million litres. Their average price increased 1.1% to €2.87 per litre. Packaged still wine accounted for €770.6 million and 258.5 million litres, down 6.9% and 9.6%, respectively. Packaged wines with protected designation of origin recorded the largest absolute loss within this group, declining by €55.1 million and 15 million litres to €532.9 million and 100.2 million litres. Their average price nevertheless rose 4.2% to €5.32 per litre.

Varietal packaged wine and bag-in-box were the two expanding categories. Varietal shipments rose 10.8% in value and 3.8% in volume to €84.3 million and 45.1 million litres. Bag-in-box exports increased 7.1% to €45.9 million and 6.9% to 35.9 million litres. Sparkling-wine exports, by contrast, fell 8.4% in value to €214.8 million and 8.8% in volume to 62.6 million litres. Cava represented €152.3 million and 41.1 million litres, with respective declines of 9.8% and 7.4%. The United States remained the leading market for Spanish sparkling wine despite double-digit falls in both measures.

Bulk shipments drive the contraction

Bulk wine, shipped in containers holding more than 10 litres, posted the sharpest adjustment. Export value dropped 13% to €259.1 million and volume contracted 21.1% to 468.1 million litres, representing losses of €38.9 million and 125 million litres. The average bulk price rose 10.2% to €0.55 per litre. Bulk wine without a geographical indication remained the largest component, but its volume fell 24.7% to 300.7 million litres. Bulk wine with a protected geographical indication registered the largest relative decline, losing 48.4% in value and 47.1% in volume.

Germany remained the largest buyer of Spanish bulk wine ahead of France, taking 148.2 million litres worth €76.3 million, down 17.8% in volume and 11.7% in value. France purchased 129.9 million litres for €67.3 million and made the largest absolute cut, reducing volume by 42.5 million litres. Portugal moved into third place with purchases of 42.1 million litres worth €24.3 million, up 8.8% and 21.7%, while Italian purchases fell by more than 54% in both value and volume. Over the 12 months through June 2026, total Spanish wine exports reached €2.7814 billion and 1.7505 billion litres, down 6% and 8.7%. Rolling annual volume remained below 1.8 billion litres for a third consecutive month.