Key Market Indicators
Luxembourg's wine consumption is projected to reach approximately 35,500 metric tons by 2028, up from 34,000 metric tons in 2023. This marks an average annual growth rate of 0.7%. Since 2019, the country's demand for wine has seen a year-on-year increase of 0.6%. In 2023, Luxembourg ranked 45th globally in wine consumption. South Korea surpassed Luxembourg, consuming 34,000 metric tons. France, the United States, and Italy held the second, third, and fourth spots, respectively. On the production front, Luxembourg's wine output is expected to hit around 12,400 metric tons by 2028, a slight increase from 12,170 metric tons in 2023. This represents an average annual growth rate of 0.4%. However, since 2005, the country's wine supply has been decreasing at an average rate of 2.2% per year. In 2023, Luxembourg ranked 44th in global wine production. Albania was just ahead with a production of 12,170 metric tons. France, Spain, and the United States occupied the second, third, and fourth positions in this ranking.
