The French grapes market has seen significant fluctuations in the past decade, peaking at 859 thousand metric tons in 2017 and declining to 464 thousand metric tons in 2023. The year-on-year variation in 2023 was -4.13%, continuing a trend of decline observed over the past few years. Notably, between 2016 and 2018, the market experienced dramatic shifts, highlighted by a 48.08% drop in 2018. Since then, the market has generally trended downward, with a Compound Annual Growth Rate (CAGR) of -10.84% from 2018 to 2023. Looking ahead, the forecasted 5-year CAGR through 2028 is -3.97%, indicating a continued contraction of about 18.33% in total volume.
Future trends to watch for include:
- Potential impact of climate change on grape production.
- Technological advancements in vineyard management.
- Changing consumer preferences towards organic or locally-sourced foods.
- The influence of trade policies and tariffs on grape imports and exports.