Key Market Indicators
Paraguayan wine consumption is projected to reach approximately 29,000 metric tons by 2028, up from 27,000 metric tons in 2023. This marks an average annual growth rate of 1.3%. Since 2019, the demand for wine in Paraguay has increased by 1.6% per year. In the global ranking for 2023, Paraguay held the 48th position, with Serbia surpassing it at the same consumption level of 27,000 metric tons. The top three countries in this ranking were France, the United States, and Italy, respectively. On the production side, Paraguayan wine output is expected to decline to around 1,300 metric tons by 2028, down from 1,500 metric tons in 2023. This represents an average annual decrease of 2.7%. Since 1966, Paraguayan wine production has fallen by an average of 4.2% per year. In 2023, Paraguay was ranked 59th in global wine production, with Israel producing the same amount at 1,500 metric tons. The leading producers in this category were France, Spain, and the United States.
