Forecast: Sold Production of Grape Must in Spain

The volume of sold grape must production in Spain stood at 124.64 million liters in 2023. This represents a 3.49% increase from 2022, following a slight decline of 1.04% in the previous year. The compound annual growth rate (CAGR) over the last five years was 11.3%. The data shows that from 2013 to 2023, the market experienced fluctuations with periods of decline, such as -33.42% in 2013 and -40.3% in 2015, followed by recovery phases, such as the 52.15% YoY increase in 2020 and the 16.66% rise in 2021.

Future Trends to Watch For:

  • The forecasted CAGR for the next five years is 2.4%, indicating steady growth from 2024 to 2028.
  • Attention should be given to market conditions and potential risks that could impact production, such as climate change and agricultural practices.
  • Opportunities in technological advancements and sustainable practices may offer significant benefits.

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