From 2013 to 2023, the per capita value of the grape must market in Portugal has shown a clear upward trend. In 2023, it reached 1.58 Euros Per Capita. The past two years witnessed a year-on-year increase, with a rise of 2.68% from 2021 to 2022 and 3.27% from 2022 to 2023. The compound annual growth rate (CAGR) from 2018 to 2023 stood at approximately 3.70%, indicating steady growth in the market.
Future trends to watch for:
- Potential impact of sustainability and organic production methods on market dynamics.
- Influence of global market conditions on local production and pricing strategies.
- Consumer preferences shifting towards traditional and premium quality grape must products.