The export volume of wine in Argentina demonstrated significant fluctuations over the past decade. In 2014, the volume stood at 267 thousand metric tons rising slightly to 270 thousand metric tons in 2015. From 2016 to 2017, the volume saw a decline, reaching 225 thousand metric tons in 2017. The volume rebounded in 2018 to 269 thousand metric tons, but again faced a downward trajectory from 2019 to 2020, hitting a low of 213.31 thousand metric tons. By 2021, the volume recovered to 257 thousand metric tons and remained steady around 256 thousand metric tons from 2022 to 2023.
Year-on-year variations showed significant fluctuations, including a 19.56% increase in 2018 followed by a 17.32% decrease in 2020. The Compound Annual Growth Rate (CAGR) for the last five years showed a slight average decline of -0.99% per year up to 2023.
Future projections from 2024 to 2028 suggest a marginal but consistent decline in wine exports volume, decreasing to 253.6 thousand metric tons by 2028 with a projected five-year CAGR of -0.14%.
For future trends, it is essential to watch for:
- Changes in global wine demand and consumption patterns.
- Impacts of climate change on grape yield and wine production in Argentina.
- Economic factors influencing Argentina's export capabilities and competitiveness.
