Key Market Indicators
Ukrainian wine consumption is projected to decline to approximately 88,000 metric tons by 2028, down from 93,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.9% year-over-year. Ukrainian demand for wine has been on a downward trend since 2019, falling by 2.6% annually. In 2023, Ukraine ranked 30th in global wine consumption, with Peru surpassing it at 93,000 metric tons. The top spots in wine consumption were held by France, the United States, and Italy, respectively. On the production side, Ukrainian wine output dropped to 32,820 metric tons in 2023 from 41,140 metric tons in 2022, marking a significant 20.2% decrease year-over-year. Historical data shows that Ukrainian wine production has been declining at an average rate of 16.5% annually since 1997. In 2023, Ukraine was ranked 33rd in wine production, with Belarus overtaking it at the same production level of 32,820 metric tons. The leading producers in this category were France, Spain, and the United States.
