Key Market Indicators
**Romanian Wine Revenue Projected to Reach €262 Million by 2028** Romanian wine revenue is expected to climb to €262 million by 2028, up from €244 million in 2023. This marks an average annual growth rate of 1.1%. The Romanian wine market has faced challenges over the past decade, experiencing a decrease of 0.8% year-on-year since 2013. In 2023, Romania ranked eighth in Europe for wine revenue, with Hungary slightly ahead at €244 million. Italy, Spain, and Germany occupied the second, third, and fourth spots, respectively. **Romanian Wine Consumption Decline** Romanian wine consumption is forecasted to fall to 112,000 metric tons by 2028, a significant drop from 193,000 metric tons in 2023. This translates to an average annual decline of 8.6%. Since 2019, demand for wine in Romania has decreased by 4.2% year-on-year. In 2023, Romania was ranked 22nd globally in wine consumption, with Austria surpassing it at 193,000 metric tons. France, the United States, and Italy were the second, third, and fourth largest consumers of wine, respectively. **Romanian Wine Production Sees a Significant Decrease** In 2023, Romanian wine production amounted to 88,640 metric tons, down from 111,230 metric tons in 2022. This represents a sharp decline of 20.3% compared to the previous year. Romanian wine supply has been on a downward trend since 1966, decreasing by 6.8% year-on-year. In the global ranking for wine production, Romania held the 22nd position in 2023, with Peru slightly ahead at 88,640 metric tons. France, Spain, and the United States were the second, third, and fourth largest producers, respectively.
