The export of sparkling grape wines from Argentina stood at 17.081 million US dollars in 2023. The year-on-year variation from 2022 to 2023 was a marginal increase of 0.38%. This follows a consistent, albeit slow, upward trend observed over the past few years. From 2018 to 2023, the Compound Annual Growth Rate (CAGR) has been positive, albeit minimal at around 0.36%.
From 2013 to 2017, the export value experienced significant fluctuations, with notable declines followed by modest recovery phases. Between 2018 and 2023, the export values have stabilized, showing a steady, albeit slow-growing trend. Looking forward, the forecasted data suggests a continuation of this modest growth, with a forecasted 5-year CAGR of 0.31% and an overall growth rate of 1.56% by 2028.
Future trends to watch for include:
- Global economic factors impacting consumption patterns and import capacity of key markets.
- Shifts in consumer preferences towards sparkling wines and how Argentine wines are positioned.
- Potential trade agreements or changes in international trade policies affecting export volumes.
- Climate change and its impact on grape production and wine quality in Argentina.
- Emerging markets showing increased demand for imported sparkling wines.
