The global wine market continues to be dominated by China, France, and the United States, with China experiencing a significant growth of 0.87%. Italy and Spain also show modest increases while Germany and Russia have faced declines. Among key players, Argentina and Chile showed negative growth. Noteworthy is the performance of Ireland and Bulgaria with increases of 2.02% and 3.5% respectively, contrasting with sharp declines in Romania and Uzbekistan.
Future trends to watch for include the potential for China's market expansion given its growth momentum, while traditional markets like the United States and Germany may continue experiencing variations. Emerging markets such as Ireland, Israel, and Latvia show strong growth potential.
Top countries in Wine Market Size Volume by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 2,780 | 2023 | +0.76% | +0.87% | View data |
2 | 2 France | 2,640 | 2023 | +0.038% | +0.023% | View data |
3 | 3 United States | 2,310 | 2023 | -1.24% | -0.67% | View data |
4 | 4 Italy | 1,870 | 2023 | 0% | +0.011% | View data |
5 | 5 Germany | 1,560 | 2023 | -1.58% | -1.52% | View data |
6 | 6 United Kingdom of Great Britain and Northern Ireland | 1,420 | 2023 | |||
7 | 7 Spain | 1,130 | 2023 | +0.89% | +0.16% | View data |
8 | 8 Argentina | 1,040 | 2023 | 0% | -0.48% | View data |
9 | 9 Russia | 912 | 2023 | -2.46% | -2.35% | View data |
10 | 10 Australia | 465 | 2023 | +0.43% | +0.75% | View data |