Spain wine export revenue rises in 2024 but volumes fall

Spain’s wine exports grew in value last year but volumes fell, new findings from research body Observatorio Español del Mercado del Vino (OEMV) show.

The value of Spain’s wine exports increased 1.4% to €2.98bn ($3.13bn) last year, although the rise came as volumes slid 5% to around 1.9 billion litres.

The figures mark "the second best year" for Spain in terms of the value of its wine exports, the OEMV said. The organisation said the best year had been 2022, when they hit just over €3bn.

However, export volumes were last as low in 2013, when they sat at 1.8 billion litres.

Earlier this month, new figures from the Spanish Rioja region's control board revealed shipments of the wine had grown more than 4% in 2024, driven by exports to the UK and US.

More than 98.8m litres of Rioja was sold outside Spain last year, an increase of 4.4%, data from the Consejo Regulador DOCa Rioja showed.

Exports to the UK, the largest market for Rioja outside Spain, grew 12% in volume terms to just under 32.4m litres.

In the US, volume sales increased 17% to 10.4m litres.

Exported volumes volumes of Rioja to Germany dropped 5% to 11.7m litres. Germany is the third-largest market for the wine variety.

"Spain wine export revenue rises in 2024 but volumes fall" was originally created and published by Just Drinks, a GlobalData owned brand.

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