The demand for grapes in Argentina has exhibited fluctuations over the past decade. In 2014, it stood at 2.3 million metric tons and saw a significant drop by 2016, hitting a low of 1.53 million metric tons. This was followed by a recovery phase, peaking at 2.25 million metric tons in 2018. However, a gradual declining trend emerged from 2019, reaching 2.02 million metric tons in 2023, representing a 0.39% year-on-year decrease. The Compound Annual Growth Rate (CAGR) over the last five years was -2.09%, indicating an overall downward trend.
Forecasted data suggest a continued slight decline in demand, with a projected 2028 figure of 1.98 million metric tons. The forecasted 5-year CAGR is -0.32%, and the 5-year growth rate is predicted to be -1.59%. These figures indicate a persistent but modest decline in grape demand.
Going forward, key trends to watch for include potential shifts in consumer preferences, changes in agricultural policies, impacts of climate change on grape production, and fluctuations in export markets. Monitoring these factors will be critical for predicting future demand dynamics in the grape market.
