Wine Market in France
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The French wine market reduced to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a mild downturn. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, wine production expanded modestly to $ in estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2013 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2014 to , production growth remained at a lower figure.
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a mild downturn. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, wine production expanded modestly to $
in estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2013 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2014 to , production growth remained at a lower figure.Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
For the fourth year in a row, France recorded decline in consumption of wine, which decreased by -% to litres in . In general, consumption saw a mild setback. Over the period under review, consumption hit record highs at litres in 2011; however, from 2012 to , consumption failed to regain momentum.
The size of the wine market in France reduced modestly to $ in , almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild contraction. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
% to litres in . In general, consumption saw a mild setback. Over the period under review, consumption hit record highs at litres in 2011; however, from 2012 to , consumption failed to regain momentum.The size of the wine market in France reduced modestly to $
in , almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a mild contraction. Over the period under review, the market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for wine in France, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to litres by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to litres by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
France remains a net exporter of wine; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of litres, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of litres, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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