The production of table wine in Italy has shown significant fluctuations in the past decade. In 2013, the value was 629.85 million Euros, experiencing a steep decline in 2014 to 431.71 million Euros, indicating -31.46% year-on-year variation. Recovery was seen in 2015 and onwards, with notable growth in 2018 by 49.6%. Recently, from 2020 to 2023, the value increased from 758.63 to 825.34 million Euros, with a CAGR of -1.95%. The forecast suggests continued growth, reaching 944.32 million Euros by 2028 with a five-year CAGR of 2.11%.
Looking ahead, industry players should observe:
- Shifts in consumer preferences towards premium wines.
- Impact of climate change on grape harvest yields.
- Technological advancements in vineyard and winemaking processes.
