The Canadian wine export sector in 2023 stood at 230.00 thousand kiloliters. For the year 2024, the forecasted export volume is 255.77 thousand kiloliters. This represents an 11.2% year-on-year increase from 2023. In 2025, the volume is expected to rise to 281.66 thousand kiloliters, which translates to a 10.1% increase from 2024. The forecast for 2026 stands at 307.41 thousand kiloliters, marking a 9.1% increase from the previous year. In 2027, the export volume is projected to reach 333.04 thousand kiloliters, an 8.3% year-on-year increase. By 2028, the volume is forecasted to grow to 358.54 thousand kiloliters, corresponding to a 7.6% increase from 2027. Over the span of 2023-2028, the compound annual growth rate (CAGR) stands at approximately 9.3%.
Future trends to watch include potential impacts of global economic conditions on wine demand, advancements in viticulture, and changes in trade policies. Focus on emerging markets and shifts in consumer preferences towards sustainably produced wines should also be monitored.
