Spain saw only a slight increase in its wine exports during the first half of 2024, according to data from the Fundación Observatorio Español del Mercado del Vino (OeMV). Exports in value fell by 0.3%, while volume declined by 1.5%. Despite this, there was a gain of 3.4m liters and €21.8m/$24m. In total, circa 1bn liters of wine were exported, generating about €1.5bn/$1,7bn in revenue. In terms of value, this marks the highest result in Spain's history.
However, the data also show that higher-priced products saw a decline in exports, while lower-priced wines gained ground. Bottled wines with protected designation of origin (PDO) saw a drop of 3.8% in value (€24m/$26.5) and 4.3% in volume (5.5m liters). In contrast, bulk wine exports grew by 10.9% in value (€28.5m/$31.5m) and 1.9% in volume (11.1m liters).
Bag-in-box and non-designation wines on the rise
Lower-priced wines also include bottled wines without a protected designation of origin, which saw positive growth. In the first half of the year, their value increased by 6.4% (€15.8m/$17.5m), with volume up by 2.9% (5.3m liters). Bag-in-box (BiB) wines also experienced growth, with a 7.3% rise in value (€3.1m/$3.5m) and a 6.8% increase in volume (2.25m liters).
In contrast, sparkling wines showed a significant volume decline of 7.3% (5.59m liters), likely due to lower yields in the Cava region caused by severe drought. However, in terms of value, sparkling wines managed a modest increase of 1.2% (€2.8m/$3.1m). KA
