Key Market Indicators
Uruguayan wine consumption is projected to decline to approximately 55,000 metric tons by 2028, down from 58,000 metric tons in 2023. This represents an average annual decrease of 0.9%. Since 2019, the country's demand for wine has been decreasing at a rate of 0.3% per year. In 2023, Uruguay ranked 34th globally in wine consumption, with Croatia surpassing it at 58,000 metric tons. France, the United States, and Italy held the 2nd, 3rd, and 4th spots, respectively. On the production front, Uruguayan wine output is expected to fall to about 66,000 metric tons by 2028, down from 69,000 metric tons in 2023, marking an average annual decline of 0.8%. Since 1966, the country's wine production has been decreasing at a rate of 1.5% per year. In 2023, Uruguay ranked 26th in global wine production, with the Czech Republic slightly ahead at 69,000 metric tons. France, Spain, and the United States occupied the 2nd, 3rd, and 4th positions in production rankings.
