Key Market Indicators
**Bosnian Wine Revenue to Reach €21 Million by 2028** **SARAJEVO** — The revenue from Bosnian wine is projected to climb to €21 million by 2028, up from €21 million in 2023, marking an average annual growth rate of 0.3%. However, since 2016, the Bosnian wine market has seen a slight decline, averaging a 0.4% drop per year. In 2023, Bosnia ranked 16th globally, with Cyprus edging ahead at €21 million. Italy, Spain, and Germany secured the top three positions in this ranking. **Wine Consumption Decline** Bosnian wine consumption is expected to fall to 8,000 metric tons by 2028 from its current 9,000 metric tons in 2023, showing a compound annual growth rate (CAGR) of -1.7%. Since 2019, the demand for wine in Bosnia has remained static. The country placed 68th in global consumption rankings in 2023, with Azerbaijan surpassing it with 9,000 metric tons. France, the United States, and Italy held the second, third, and fourth spots, respectively. **Steady Growth in Wine Production** Bosnian wine production is forecasted to reach 5,740 metric tons by 2028, up from 5,620 metric tons in 2023, with an average annual growth rate of 0.4%. Since 1997, Bosnia has maintained a consistent 0.4% yearly increase in wine production. In 2023, Bosnia ranked 52nd in production, with Egypt slightly ahead at 5,620 metric tons. France, Spain, and the United States were the top producers, occupying the second, third, and fourth positions, respectively.
