Wine production in Argentina showed significant fluctuations over the period from 2013 to 2023, starting with a peak of 15.2 million hectoliters in 2014 and reaching a low of 8.16 million hectoliters by 2023. A notable decline began in 2015, with a considerable drop of -29.85% in 2016 followed by an inconsistent recovery and continued declines. Specifically, 2022 and 2023 saw a continued downward trend with drops of -3.98% and -4.05%, respectively.
Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) averaged -3.9%, highlighting a steady decline in production volume.
Future trends indicate a continued decline in wine production with a forecasted 5-year CAGR of -3.96%, resulting in a total reduction of 18.28% by 2028. Continued challenges in production efficiency, climate change impacts, and potential shifts in global supply chains are key trends to monitor.
