The Italian wine market volume remained stable at 1.87 million metric tons from 2014 to 2019, with a significant dip to 1.55 million metric tons in 2020, primarily due to the pandemic's impact. The market quickly rebounded in 2021, reaching the pre-pandemic level of 1.87 million metric tons, where it has remained to date in 2023. This trend is expected to continue until 2028, with forecasted data showing no change in volume. The market's annual growth rate over the last five years was negligible (CAGR of 0), indicating a steady but stagnant market.
Key trends and future observations:
- The market shows stability with minimal year-on-year volume fluctuations.
- Future growth is expected to be flat, indicating a mature market with little room for volumetric expansion.
- Monitoring impacts of external factors such as climate change, economic shifts, and global trade policies on the wine market will be crucial.