Key Market Indicators
Chilean wine consumption is projected to decline slightly over the next five years. By 2028, consumption is expected to reach approximately 261,000 metric tons, down from 264,000 metric tons in 2023, representing a 0.2% annual decrease. This continues a trend since 2019, during which Chilean wine demand has decreased by 1.7% annually. In 2023, Chile ranked 18th globally in wine consumption, with Switzerland surpassing it at the same consumption level of 264,000 metric tons. France, the United States, and Italy took the top three spots in this category. On the production front, Chilean wine output is anticipated to rise. By 2028, production is set to reach about 1.45 million metric tons, up from 1.33 million metric tons in 2023. This represents an average annual growth rate of 1.4%. Since 1966, Chile has seen a steady increase in wine production at an annual rate of 0.6%. As of 2023, Chile ranked 8th globally in wine production, with Argentina surpassing it at the same production level of 1.33 million metric tons. The leading producers were France, Spain, and the United States, holding the top three positions in the global ranking.
