From 2013 to 2023, Italy's sold production of wine exhibited significant variations. After a few years of fluctuating growth, 2017 marked a substantial boost with a 66.23% increase year-on-year, followed by steady growth peaking in 2019. Despite slight declines in 2020 and 2021, the production re-stabilized, closing 2023 with a value of 7.158 billion liters. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was 3.24%.
Future trends to watch for include:
- Projected annual growth of 1.31% from 2024 to 2028.
- A gradual increase is expected, reaching 7.7733 billion liters by 2028.
- Focus on sustainable and organic wine production driven by consumer demand and regulatory changes.
- Potential impact of climate change on vineyard yields and strategies to mitigate these effects.