Key Market Indicators
Macedonian Wine Revenue is projected to reach approximately €83 million by 2028, up from around €81 million in 2023, marking an average annual growth rate of 0.4%. Since 2017, the Macedonian market has experienced a steady increase of 0.5% year on year. In 2023, Macedonia ranked 13th in the wine revenue standings, with Slovakia slightly ahead at €81 million. Italy, Spain, and Germany occupied the top three spots respectively. Macedonian Wine Consumption has remained stable, with figures close to zero thousand metric tons in both 2022 and 2023, showing no significant change over the past year. However, Macedonian Wine Production is expected to decline significantly. Projections indicate that production will drop to approximately 31,000 metric tons by 2028, down from nearly 43,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) decrease of 5% year on year. Since 1997, Macedonian wine supply has been decreasing at an average rate of 4.6% annually.
