The grape market size in Spain for 2024 is forecasted at 139.0 thousand metric tons, showing a trend of decline over the forecast period. The subsequent projections indicate a decrease to 133.0 thousand metric tons in 2025, 127.0 in 2026, 121.0 in 2027, and 115.0 in 2028. As of 2023, the market stood at 145.0 thousand metric tons.
Year-on-year variation highlights:
- From 2023 to 2024, there is a -4.1% decline.
- From 2024 to 2025, a -4.3% decline is expected.
- From 2025 to 2026, a -4.5% decline is projected.
- From 2026 to 2027, a -4.7% decline is forecasted.
- From 2027 to 2028, a -5.0% decline is anticipated.
The average annual variation (CAGR) over the last five years (2023-2028) registers a -4.5% decrease.
Future trends to watch for include potential changes in consumer preferences, climate impact on grape production, and shifts in global trade policies affecting imports and exports. Additionally, innovations in agricultural techniques and sustainability practices may influence the market dynamics in the coming years.
