Wine and wine products market in Spain

Earlier Report Observations

The Spanish wine market experienced a sharp contraction in 2019, with its value falling to 2 644 M $ US. This decline was driven by the persistent effects of the COVID-19 pandemic, which disrupted maritime logistics, increased costs, and suppressed demand. In 2020, the market value recovered to 3 749 M $ US, supported by extraordinary government aid to the wine industry, including crisis distillation and vineyard restructuring subsidies, which helped sustain production despite inflationary pressures on grape prices.

After a brief rebound, the market value dipped again to 2 856 M $ US in 2021, a period marked by regulatory preparations, including the approval of Royal Decree 112/2022 governing sectoral intervention. A significant resurgence occurred in 2022, with the market growing to 3 390 M $ US, fueled by a 50% surge in wine tourism that boosted domestic demand and a slight increase in consumption linked to improved purchasing power and a growing premium wine segment. The entry of over 4 000 wine exporters further diversified international outlets.

In 2023, the market value declined to 2 235 M $ US, primarily due to continued inflationary pressure and rising production costs that squeezed profitability and reduced consumption, particularly in the hospitality channel. Concurrently, structural shifts were underway, including the development of direct online sales and strong demand for premium wines driven by exports to the U.S., alongside the implementation of new EU labeling rules requiring nutritional and ingredient information.

Production wine and wine products in Spain

In kind, 2017-2020, K t

From 2017 to 2020, Spain held the third position globally in wine and wine products production.

Top producers of wine and wine products, 2017-2020

World map of production of wine and wine products, 2017-2020

In 2020, Spain produced 4,070 K t of wine and wine products, marking a 20.8% increase year-over-year. Over the 2017-2020 period, production grew by 25.2%, with a compound annual growth rate of 7.8%. The highest production level was in 2018 at 4,490 K t, which saw the largest increase of 38.2%. In contrast, 2019 experienced the largest decline of 24.9%.

Annual dynamics of production in Spain in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the output of wine and wine products in Spain was valued at 6,731 M $ US, showing a strong 24.1% rise compared to 2019. From 2017 to 2020, production increased by 35.2%, translating to an annualized rate of 10.6%. The peak value occurred in 2018 at 8,456 M $ US, with the largest increase of 69.9% that year. The largest decline was in 2019, at 35.9%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Exports wine and wine products from Spain

Exports in kind, K t

In 2020, wine and wine products exports from Spain amounted to 2,349 K t, reflecting a modest 6.9% decrease from the previous year. Between 2017 and 2020, exports fell by 10.8%, equivalent to an annualized decline of 3.7%. The lowest volume was in 2018 at 2,337 K t, which also saw the largest drop of 11.3%. The largest increase occurred in 2019, at 8.0%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K t

From 2017 to 2020, Spain's wine and wine products exports in kind were widely distributed across markets. France accounted for 21.9% of exports, Germany for 15.8%, and Portugal for 9.2%, with these three countries together making up only 46.8% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

Spain's wine and wine products exports declined for the second year in a row. In 2020, exports totaled 3,885 M $ US, down 4.4% year-over-year. From 2017 to 2020, exports decreased by 3.7%, corresponding to an annualized rate of -1.2%. The highest value was in 2018 at 4,401 M $ US, which saw the largest increase of 9.1%. The largest decline was in 2019, at 7.7%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Throughout 2017-2020, Spain's wine and wine products exports in value terms were not concentrated on a few key markets. Germany represented 12.6% of exports, the United Kingdom 9.9%, and France 9.3%, with these three countries jointly accounting for only 31.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports wine and wine products to Spain

Imports in kind, K t

Spain's wine and wine products imports fell for the second consecutive year. In 2020, imports stood at 273 K t, a 9.4% decrease year-over-year. Over the 2017-2020 period, imports dropped by 16.3%, with a compound annual growth rate of -5.8%. The peak volume was in 2018 at 353 K t, which saw the largest increase of 8.3%. The largest decline occurred in 2019, at 14.7%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K t

The partner structure for imports in kind from 2017 to 2020 was fragmented. The United Kingdom accounted for 16.7% of imports, Italy for 16.2%, and the Netherlands for 9.4%, with these three countries together making up only 42.3% of total flows, and no single country held a dominant share.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

Wine and wine products imports into Spain declined for the second year in a row. In 2020, imports registered 903 M $ US, indicating a sharp 29.5% decrease compared to 2019. From 2017 to 2020, imports decreased by 32.6%, with a compound annual growth rate of -12.3%. The maximum value was in 2018 at 1,386 M $ US, which saw the largest increase of 3.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

From 2017 to 2020, the United Kingdom led as a supplier of wine and wine products to Spain, accounting for 22.5% of imports in value terms, followed by the Netherlands at 17.1% and France at 15.1%. Together, these three countries represented 54.8% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020