As of 2023, the sold production of wine in Italy stood at 13.680 billion Euros. From 2024 onwards, forecasted data suggests a consistent year-on-year growth rate. The production value for 2024 is projected at 13.931 billion Euros, increasing progressively to 14.931 billion Euros by 2028. These projections indicate a steady annual growth, with year-on-year variations approximately around 1.8%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is anticipated to be close to 1.8%, signifying a stable upward trend.
Trends to watch for:
- Changes in consumer preferences towards premium and organic wines.
- Impact of climate change on grape yield and wine quality.
- Global economic fluctuations affecting export demand and prices.
- Technological advancements in viticulture and winemaking.
