Key Market Indicators
Mexican wine consumption is projected to reach 13,350 metric tons by 2028, up from 13,000 metric tons in 2023. This represents an average annual growth rate of 0.4%. Since 2019, the demand for wine in Mexico has remained steady. In 2023, Mexico ranked 59th in global wine consumption, with Vietnam slightly ahead at 13,000 metric tons. The top three countries in this category were France, the United States, and Italy, respectively. On the production side, Mexican wine output is expected to decline significantly. By 2028, production is forecasted to drop to 16,400 metric tons from 26,830 metric tons in 2023. This marks an average annual decrease of 7.8%. Since 1966, Mexico's wine production has decreased by an average of 7% each year. In 2023, Mexico was the 36th largest wine producer globally, with Slovakia just ahead at 26,830 metric tons. The leading producers were France, Spain, and the United States.
