Spanish wine exports recorded a notable downturn in November 2025, according to data published by the Spanish Tax Agency (AEAT) and analyzed by the Spanish Interprofessional Wine Organization (OIVE).
Export value reached €259.2 million, marking a 7.1% decline compared to November 2024, while exported volumes fell more sharply, down 11.6% to 149.6 million liters. In absolute terms, this represents a year-on-year reduction of €19.7 million and 19.65 million liters.
Impact on Year-to-Date Performance
The weak performance in November has weighed on Spain’s cumulative export figures for the year. Between January and November 2025, Spanish wine exports totaled €2,662.1 million, a decrease of 3% compared to the same period in 2024. Exported volumes over the same eleven months reached 1,754.2 million liters, down 1.8% year-on-year.
In absolute terms, the sector exported €81.3 million less wine and shipped 32.5 million fewer liters than during the first eleven months of the previous year. These figures confirm a gradual but persistent slowdown in export activity, particularly in terms of volume.
Diverging Trends by Wine Category
A closer look at export performance by category reveals contrasting dynamics within the Spanish wine sector. Bottled wines—including still, sparkling, fortified, semi-sparkling, and bag-in-box formats—experienced declines in both value and volume during the January–November period. This suggests ongoing pressure in higher-value segments, potentially linked to changing consumption patterns and increased competition in international markets.
In contrast, bulk wine exports (in containers larger than ten liters) increased in both value and volume over the same period. This trend highlights continued demand for competitively priced Spanish wine used for blending, private labels, or local bottling in destination markets.
Despite these differences, both bottled and bulk wines recorded an increase in their average export price, indicating a sector-wide effort to improve value realization amid declining shipment volumes.
Rolling 12-Month Figures Confirm the Downward Trend
Year-on-year data covering the period from December 2024 to November 2025 further confirms the negative trajectory. During this rolling twelve-month period, Spanish wine exports reached €2,896.5 million, a decline of 2.1% compared to the previous year. Exported volumes totaled 1,902.8 million liters, down 1.6%.
In absolute terms, exports fell by €62.7 million and 31.5 million liters compared to the year ending November 2024. According to OIVE, these figures reflect a sustained period of adjustment rather than a short-term fluctuation.
Structural Challenges and Strategic Adjustments
OIVE notes that the uneven performance across categories points to evolving international demand and adjustments in the commercial strategies of Spanish wineries. Rising average prices suggest a strategic push toward greater added value, even as overall export volumes decline.
While Spain remains one of the world’s leading wine exporters with a strong international footprint, the recent downturn highlights the need for closer analysis of external factors. Global economic uncertainty, increased competition from other wine-producing countries, and shifting consumer preferences are all likely influencing export performance.
As the sector moves into 2026, the challenge for Spanish wineries will be to balance volume recovery with value creation, ensuring competitiveness in a global market that is becoming increasingly price-sensitive and selective.
Source: Vinetur