Wine demand in Spain in 2023 stood at 2.42 million metric tons. The year-on-year variation over the last two years shows a moderate increase with a 1.64% rise from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years to 2023 is -0.066%, indicating a slight overall decrease. Notable fluctuations include a significant 41.45% increase from 2017 to 2018 followed by a 15.49% decrease in 2020, showing market volatility.
Looking ahead, the forecasted data suggests a steady upward trend in wine demand, with a 5-year forecast CAGR of 1.29%, resulting in an expected value of 2.61 million metric tons by 2028. Future trends to watch for include changes in consumer preferences, impact of economic conditions on disposable income, and potential effects of climate change on wine production.
