The export of sparkling grape wines from Brazil has shown significant fluctuations from 2013 to 2023. Following a peak in 2014, there was a notable decline in 2015 and 2016. From 2017 onwards, exports stabilized, with moderate growth observed until 2023. Specifically, in 2023, the export value stood at 1353.3 thousand US Dollars, representing a 2.89% year-on-year increase, with an average annual growth rate (CAGR) of 2.92% over the last five years.
Future trends to watch for include:
- Incremental growth, with a forecasted 2.15% CAGR over the next five years (2024-2028).- Sustained increases in export value, potentially influenced by global market demand and competitive positioning of Brazilian sparkling wines.- The forecasted growth rate from 2024 to 2028 is projected to be 11.24%, indicating cautious but steady optimism about the market's expansion.
