Key Market Indicators
Spanish Wine Revenue is projected to climb to €8.91 billion by 2028, up from €8.16 billion in 2023, reflecting an average annual growth rate of 1.4%. Despite this growth, the Spanish wine market has experienced a slight decline of 0.6% per year since 2013. In 2023, Spain ranked third in the global market, with Italy leading the charge at €8.16 billion. Italy, Spain, and Germany held the second, third, and fourth positions, respectively. Spanish Wine Consumption is expected to reach 1.18 million metric tons by 2028, growing from 1.13 million metric tons in 2023. This represents an average yearly growth rate of 0.7%. Since 2019, the demand for Spanish wine has increased by 0.2% annually. In 2023, Spain was the sixth-largest consumer of wine, with Germany surpassing it at 1.13 million metric tons. France, the United States, and Italy were the second, third, and fourth largest consumers, respectively. Spanish Wine Production is forecasted to hit 4.6 million metric tons by 2028, up from 4.4 million metric tons in 2023. This marks an annual average growth rate of 0.9%. Since 1966, the production of Spanish wine has decreased by 0.3% each year. In 2023, Spain was the third-largest wine producer, with France leading at 4.4 million metric tons. France, Spain, and the United States were the second, third, and fourth largest producers, respectively.
