In 2024, global wine demand has shown a geographically diverse pattern. France remains the leader with 3.55 million metric tons, followed by the United States and China. Noteworthy, traditional European wine producers like Spain and Italy, face slight declines. Significant growth is observed in emerging markets like Bulgaria, Israel, and Azerbaijan. Conversely, major markets such as Russia, Argentina, and Romania are experiencing sharper declines. Smaller markets such as Zambia and Barbados also demonstrate rapid percentage growth, albeit from lower bases.
Looking forward, key trends to watch in global wine demand include:
- Increasing consumption in non-traditional markets such as Israel, Azerbaijan, and the Philippines.
- The potential for further declines in established European markets due to changing consumer preferences and demographic shifts.
- The impact of economic conditions and regulatory changes on large markets like Russia and the United States.
- Emerging markets in Africa and Asia, which might see substantial growth as disposable incomes rise.
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,550 | 2023 | -0.14% | -0.32% | View data |
| 2 | 2 United States | 3,000 | 2023 | -1.96% | -1.28% | View data |
| 3 | 3 China | 2,780 | 2023 | 0% | 0% | View data |
| 4 | 4 Spain | 2,420 | 2023 | +1.64% | -0.066% | View data |
| 5 | 5 Italy | 2,410 | 2023 | +0.33% | -0.083% | View data |
| 6 | 6 Germany | 1,590 | 2023 | -1.61% | -1.54% | View data |
| 7 | 7 United Kingdom of Great Britain and Northern Ireland | 1,420 | 2023 | |||
| 8 | 8 Argentina | 1,110 | 2023 | 0% | -0.55% | View data |
| 9 | 9 Russia | 912 | 2023 | -2.46% | -2.35% | View data |
| 10 | 10 Australia | 611 | 2023 | +0.33% | +0.7% | View data |
