Key Market Indicators
Cuban Wine Consumption is projected to climb to 19,000 metric tons by 2028, marking a slight increase from the current 19,000 metric tons recorded in 2023. This translates to a modest annual growth rate of 0.3%. Notably, since 2019, Cuban wine demand has remained stable without significant fluctuations. In the global ranking of wine consumers for 2023, Cuba stands at number 55. Taiwan has recently surpassed Cuba, reaching 19,000 metric tons. Leading the rankings are France, the United States, and Italy, occupying the second, third, and fourth positions respectively. On the production front, Cuban Wine Production is expected to decline marginally. By 2028, production is anticipated to decrease to 11,000 metric tons from the current figure of 11,450 metric tons in 2023, representing an average annual decline of 0.1%. However, since 2004, the country's wine supply has seen a slight annual increase of 0.1%. In the 2023 global production rankings, Cuba was placed at number 45, with Luxembourg overtaking Cuba at 11,450 metric tons. The top spots are held by France, Spain, and the United States, ranking second, third, and fourth respectively.
