Key Market Indicators
Armenian wine consumption is predicted to stay at 4,000 metric tons by the year 2026. This is no change from 2021. Since 2017, the demand has remained steady, with the country ranking 84th in 2021. Sao Tome and Principe came in ahead of Armenia at 4,000 metric tons. France, the United States, and Italy came in at numbers 2, 3, and 4 in the ranking. Armenian wine production is estimated to rise to 10,120 metric tons by 2026. This is an increase of 1.5% from 2021. Since 1997, the supply has grown 6.3% year on year. Armenia ranked 47th in 2021, with Cyprus surpassing it at 9,250 metric tons. France, Spain, and the United States respectively took the numbers 2, 3, and 4 positions in the ranking.
Armenia Wine Market Data and Forecasts
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