In 2023, the import of fortified wine or must to Argentina stood at 397.22 thousand kilograms. This represents a minimal year-on-year decrease of 2.35% from 2022. Over the last two years, a downward trend is noticeable, with consecutive declines in import volume. The compound annual growth rate (CAGR) over the last five years (2018-2023) is closely balanced at around 0.023%, suggesting a relatively stable period in terms of average annual growth.
Looking forward, the forecast indicates a gradual decline in imports, with projected volumes for 2028 reaching 347.29 thousand kilograms. The forecasted CAGR for the next five years (2024-2028) is -2.13%, translating to an overall decrease of 10.2% by the end of the forecast period.
Future trends to watch for include changes in consumer preferences towards local wines, potential trade agreements or barriers affecting imports, and economic factors influencing demand for imported goods. Monitoring these factors will be critical in understanding and anticipating shifts in the import patterns of fortified wine or must to Argentina.
