Key Market Indicators
Azerbaijan's wine consumption is projected to climb to approximately 10,700 metric tons by 2028, up from around 9,000 metric tons in 2023. This marks an annual growth rate of 3%. Since 2019, the country's demand for wine has surged by 5.2% each year. In 2023, Azerbaijan ranked 68th in global wine consumption, with Madagascar surpassing it by reaching the same level of 9,000 metric tons. The top consumers in this category were France, the United States, and Italy, holding the second, third, and fourth positions, respectively. On the production side, Azerbaijan is set to increase its wine output to nearly 17,920 metric tons by 2028, up from 16,120 metric tons in 2023. This represents a compound annual growth rate (CAGR) of 1.7%. Since 1997, the country's wine production has grown by 0.5% each year. In 2023, Azerbaijan was the 39th largest wine producer globally, with Uzbekistan overtaking it with the same production figure of 16,120 metric tons. The leading producers were France, Spain, and the United States, ranking second, third, and fourth, respectively.
