In 2023, the grape market size in Australia was 99 thousand metric tons, marking a year-on-year reduction of 1.98%. Over the last five years, the average annual decrease was 0.4%. Historical data shows fluctuating trends with significant declines in 2015 (-11.72%) and 2018 (-30.82%), followed by smaller year-on-year variations until a further decrease to 99 thousand metric tons in 2023. Going forward, forecasted data indicates a continuous decline with an anticipated average reduction rate of 2.64% per year, leading to an overall reduction of 12.5% by 2028.
Future Trends to Watch for:
- Factors influencing grape production decline such as climatic changes and market dynamics.
- Potential shifts in domestic and international demand for Australian grapes.
- Technological advancements and agricultural practices that could impact yield.