The grape market in Argentina has shown consistent growth over the past decade. As of 2023, the market size stood at 82.0 thousand metric tons. Observing the year-on-year growth rates: the market experienced significant fluctuations, with high growth in 2017 (18.33%) and notable declines in 2019 (-1.32%) and 2020 (-2.47%). The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was 1.53%. This indicates a steady, albeit slow, growth trajectory in recent years. Forecasts for the future (2024-2028) suggest a further growth with a CAGR of 1.46%, culminating in a market size of 89.84 thousand metric tons by 2028.
Future trends to watch for in the Argentine grape market include potential impacts of climate change on production, advancements in agricultural technology that could enhance yield, and shifts in both domestic and international demand. Additionally, monitoring government policies, trade agreements, and economic conditions will be crucial for understanding market dynamics.
