Key Market Indicators
**Brazilian Wine Consumption to Decline Slightly by 2028** Brazil's wine consumption is projected to decline to approximately 319,000 metric tons by 2028, down from 329,000 metric tons in 2023. This marks an average annual decrease of 0.5%. Since 2019, the nation's demand for wine has consistently decreased by 1.3% each year. As of 2023, Brazil ranks 15th globally in wine consumption, with Belgium surpassing it at 329,000 metric tons. Leading the global rankings are France, the United States, and Italy, occupying the second, third, and fourth positions, respectively. **Brazilian Wine Production Set for Growth** In contrast, Brazil's wine production is on an upward trajectory. By 2028, production is expected to reach around 452,000 metric tons, up from 409,000 metric tons in 2023. This reflects an average annual growth rate of 1.6%. Since 1966, the country’s wine supply has been increasing at an average rate of 0.9% per year. In 2023, Brazil ranked 12th in global wine production, with Germany slightly ahead at the same production level of 409,000 metric tons. France, Spain, and the United States hold the second, third, and fourth spots in the worldwide production rankings, respectively. These trends reflect the dynamic nature of Brazil's wine industry, showcasing a decline in domestic consumption but a promising increase in production capabilities.
