Key Market Indicators
Consumption of wine in Serbia is expected to drop to 22,250 metric tons by 2026, down from 34,200 metric tons in 2021. This marks an average annual decline of 7.4%, with a decrease of 8.7% since 2017. Serbia was the 44th largest consumer in 2021, overtaken by New Zealand's 34,200 metric tons. France, the United States and Italy ranked second, third and fourth, respectively. Serbian wine production fell dramatically in 2021, to 1,980 metric tons from 9,230 metric tons in 2020, a decrease of 78.5%. Since 2011, production has decreased by 39.3% year over year. Serbia was ranked 58th in 2021, overtaken by Cuba's 1,980 metric tons. France, Spain and the United States ranked second, third and fourth, respectively. Revenue from wine in Serbia was €59.7 million in 2019, up from €57.3 million in 2018. The country was 14th in 2019, overtaken by Macedonia's €59.7 million. Italy, Spain and Germany were ranked second, third and fourth, respectively.
