The export of sparkling grape wines from South Africa has experienced fluctuations from 2013 to 2023. In 2023, exports stood at $31.251 million. There have been years of decline, such as in 2015 and 2016, where year-on-year variations were -10.61% and -28.79%, respectively. However, recovery periods also emerged, with notable growth rates in 2018 and 2021 at 19.86% and 22.49%, respectively. Over the last two years, the market has shown stable performance with year-on-year variations of 1.6% in 2022 and 1.55% in 2023. The compound annual growth rate (CAGR) for the past five years up to 2023 was 0.69%.
Forecasts suggest modest growth, with the market anticipated to reach $33.739 million by 2028, reflecting a forecasted 5-year CAGR of 1.21% and an overall growth rate of 6.18% from 2024 to 2028.
Future trends to watch for include potential market expansions driven by increased global demand for premium sparkling wines, evolving consumer preferences, and economic factors that could influence both production capabilities and international trade dynamics.
