Romanian Wine and Wine Market, Record Level of Almost RON 2.1 Billion in 2021

Deniza Cristian 14/02/2023 | 12:39

The turnover of Romanian wine producers increased by over 20% compared to 2020 at the highest level in history, of almost lei 2.1 billion in 2021. Thus, in line with KeysFin analysts’ estimates, the local wine market exceeded by 3.4% the previous peak reached in 2017, of just over lei 2 billion and was 55% above the level in 2012.


“For 2022 we estimate the continuation of the growth of the wine market and the exceeding of the maximum level reached last year, at over lei 2.3 billion based on data from the International Organisation of Vine and Wine (OIV) and the annual inflation of almost 11% for wine, as reported by the National Institute of Statistics” said Diana Florescu, KeysFin economic analyst, one of the most important providers of business information solutions in Romania.

In 2021, in Romania there were 611 companies that had as their main scope of activity the production of wines and/or the cultivation of grapes (NACE code 1102 – manufacture of wine from grape and NACE code 0121 – growing of grapes), 1% more than in 2020 and 25% above the 2012 level.


As for the top of local wine producers, the market leader remained CRAMELE RECAS SA, with a share of 12% of the total and a turnover of lei 252 million, after the largest annual nominal advance in top 10 of more than lei 50 million in 2021.

The ranking is completed by JIDVEI SRL (player who registered in 2021 the second largest annual nominal increase in Top 5, of lei 36.6 million, thus reaching a share of 8.7% of the total), COTNARI SA (with 7.9% of the total), ZAREA SA (company that recorded the highest annual percentage increase in Top 5, of 32%, which thus ranked up one place in top 5 and reached 7% of the total) and CRAMA CEPTURA SRL, which recorded the lowest percentage and nominal advance in Top 5 and reached a market share of 6.9% in 2021.

The top 10 wine producers in Romania had a cumulative turnover of almost lei 1.2 billion last year, which accounted for 56% of the market.


The net result of local wine producers reached a record level and exceeded for the first time in history the lei 125 million threshold in 2021.

The most profitable player in the market in 2021 was the leader by turnover: CRAMELE RECAS SA, with a positive result that accounts for almost a third of the profit of the Romanian wine market. In the following places there are: CRAMA CEPTURA SRL (net profit of lei 23.8 million), ZAREA SA (net profit of lei 17.4 million), JIDVEI SRL (net profit of lei 14.8 million) and CASA DE VINURI COTNARI SA (lei 6.5 million in 2021).

The top 5 companies in the generated almost 56% of the market profit in 2021.


Wine consumption increased by 12% since the pandemic, with the reopening of restaurants and the resumption of public events. In 2021, a Romanian drank 2.6 liters more wine than in 2020, reaching an average of 23.7 liters, according to data from the National Institute of Statistics.

Whether it’s the winter holidays, Easter or Valentine’s Day, Romanians prefer local wine, over 95% of the Romanian wine production being consumed by the domestic market.

The total wine resources in Romania increased by 658.1 thousand hl compared to 2020, to 7,795 thousand hl in 2021, according to data from the National Institute of Statistics. The

increase was mainly due to wine production, which increased by 11.5% (+467.8 thousand hl) in 2021 compared to the previous year. The import of wines and the initial wine inventory increased by 31.3% to 582 thousand hl, respectively by 2.0% to 2,695 thousand hl in 2021 compared to 2020.  Wine exports decreased by 9.9 thousand hl compared to the previous year, to 189 thousand hl in 2021, according to data provided by the National Institute of Statistics.


World wine production is estimated at 260 million hectoliters this year, with the volume being 1% below the 2021 level, according to data from the International Organisation of Vine and Wine.

As for the European Union, the volume of wine production is estimated at 157 million hectoliters this year, 2% above the 2021 level.

Italy remains the largest wine producer in the EU after producing 50.3 million hectoliters, France strengthens its second position after a 17% increase to 44.2 million hectoliters, and Spain closes the ranking by 33 million hectoliters, after a decrease of 6% in 2022. According to the International Organisation of Vine and Wine.

Romania remains the sixth European producer despite the drought, with 4.6 million hectoliters, after an advance of about 4% in 2022, according to estimates of the International Organisation of Vine and Wine.

*Note: The KeysFin analysis is based on the annual, non-adjusted, aggregated financial data reported by companies to the Ministry of Finance (at the end of the period) that had as main scope of activity one of the following NACE codes:1102 – manufacture of wine from grape and 0121 – growing of grapes.

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Deniza Cristian | 09/03/2023 | 17:26

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