Skip to content
Search
AI Powered
Latest Stories

UK still wine forecast to continue declining trend

UK still wine sales volume is expected to continue on a declining path till 2023, reveals the latest Vinexpo/IWSR forecasts.

The forecasts show the segment losing 29.3 million cases between 2013 and 2023. Per capita consumption is expected to fall from 22.3 litres to 19.35 litres over the period.


The UK, the second largest importer by volume, is expected to retain third spot in the value rankings - behind the US and France - for light wine at $15.5 billion. This represents a fall from $16.6 billion recorded in 2018.

The sparkling wine, however, is set for steady growth in the UK, with consumption to reach around 25 litres per head by 2023 and volume hovering around 14 million cases. Globally, prosecco is tipped to become the major driver of sparkling wine reaching 154 million 9-litre cases.

The forecasts say the total world value of still and sparkling wines will reach more than $204 billion by 2023, despite a volatile picture for market volume.

Total world spirit volumes is expected to reach 2.8 billion 9-litre cases, driven by increases in premium and super-premium spirits.

Whiskey would be leading the surge with global growth reaching 7.9 percent over the period. Other spirits tipped to grow are gin, rum and agave-based. The UK will lead the global gin phenomenon, which will continue to grow showing CAGR of more than 4 percent between 2018 and 2023 to reach total world volume of 86.16 billion cases.

Scotch whisky is forecast to show growth at a CAGR of 1.5 percent, pushed by standard and premium segments. The volume of all Scotch whisky segments is set to reach 94.3 billion cases by 2023.

More for you

Budget 2024: Local shops to face significant new pressure

(Photo by JUSTIN TALLIS/AFP via Getty Images)

(Photo by JUSTIN TALLIS/AFP via Getty Images)

Budget 2024: Local shops to face significant new pressure

Local shops will face significant new pressures as a result of today’s Budget, the Association of Convenience Stores (ACS) has warned.

Chancellor Rachel Reeves' budget's impact will be felt unevenly across the UK’s 50,000 convenience stores, with some measures such as business rate relief and the increased employment allowance mitigating costs for smaller independent stores, while providing no help for chains and larger independent businesses.

Keep ReadingShow less
Post Office cash deposits and withdrawals
Post Office, DPD partners to rollout ‘Click and Collect’ services
Post Office, DPD partners to rollout ‘Click and Collect’ services

Parliament to launch inquiry into Post Office Horizon scandal compensation delays

Parliament is to launch an inquiry into delays in compensation settlements for sub postmasters affected by the Horizon scandal.

The newly-formed Business and Trade Select Committee will call ministers, subpostmasters and their lawyers to give evidence next week with a second session to follow in mid-November. The Committee’s chair, Liam Byrne MP told ITV News that there was “definitely a delay” in people coming forward for payment.

Keep ReadingShow less
C-store body warns of 'inflation-busting increase in wage costs'
Woman Holding British Pound
Getty Images/iStockphoto

C-store body warns of 'inflation-busting increase in wage costs'

Convenience store body Association of Convenience Stores (ACS) today (30) has warned the Chancellor about the negative effects of the new National Living Wage (NLW) increase, a day after the Chancellor announced a pay rise for over 3 million workers next year, with NLW rates rising by 6.7 perc cent.

From April 2025, the NLW will increase from £11.44 to £12.21 while 18-20 National Minimum Wage will rise by £1.40 per hour to £10 - the largest increase on record, marking the first step towards a single adult rate.

Keep ReadingShow less
Bacup Wine and Convenience shop, 34 Burnley Road, Bacup.

Bacup Wine and Convenience shop, 34 Burnley Road, Bacup.

Robbie MacDonald via LDRS

Shop’s licence bid rejected over illegal vapes and ‘no regard’ for children’s safety

A Rossendale shop has had a licence bid rejected after repeatedly selling vapes to children and having illegal products on its premises.

Management at the Ibra Superstore at 34 Burnley Road, Bacup, have shown ‘no regard’ for children’s protection and safety, and have insufficient controls for licensing, Rossendale councillors have ruled.

Keep ReadingShow less
SPAR retailer hits target to secure £100,000 free stock from James Hall

SPAR retailer hits target to secure £100,000 free stock from James Hall

SPAR North of England retailer Dara Singh Randhawa’s family store has been awarded £100,000 of free stock after hitting all his targets since moving to the symbol.

Dara and his family, who have their SPAR store in Patrington in the East Riding of Yorkshire, joined SPAR through its association with James Hall & Co. Ltd in August 2023 having taken the decision to maximise the store’s potential.

Keep ReadingShow less