Spain's wine consumption exhibited a fluctuating trend from 2013 to 2023, peaking at 10.0 million hectoliters in 2015 and experiencing a notable decline, reaching 8.57 million hectoliters in 2023. The COVID-19 pandemic caused a significant drop in 2020, while recent years show a recovery trend albeit with minor variations. The past two years have seen a decrease in wine consumption by 1.93% year-on-year. The five-year compound annual growth rate (CAGR) until 2023 stands at -1.93%. Forecasts suggest a continuing decline, with a projected five-year CAGR of -1.71%, leading to a total decrease in consumption by 8.26% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards other alcoholic beverages, the impact of health trends, and potential changes in wine production and pricing influenced by climate change and economic factors.
