Key Market Indicators
Lebanese wine consumption is projected to decline significantly, dropping from 6,000 metric tons in 2023 to approximately 4,500 metric tons by 2028. This represents an average annual decrease of about 4.3%. The demand for wine in Lebanon has been on a downward trend since 2019, with a year-on-year decline of 3%. In 2023, Lebanon ranked 76th in global wine consumption, with New Caledonia just ahead, consuming 6,000 metric tons. Leading the global rankings were France, the United States, and Italy, occupying the second, third, and fourth positions respectively. Similarly, Lebanese wine production is also set to decrease, from 6,760 metric tons in 2023 to roughly 4,700 metric tons by 2028, marking a compound annual growth rate (CAGR) decline of 5.8%. The country's wine supply has been shrinking since 1966, with an average yearly reduction of 4.8%. In 2023, Lebanon was ranked 50th in wine production globally, with Bolivia surpassing it at the same production level of 6,760 metric tons. France, Spain, and the United States were the top producers, securing the second, third, and fourth spots in the global rankings.
