Spain's sold production of wine experienced fluctuating growth from 2013 to 2023, starting at 3.5945 billion liters in 2013 and reaching 3.4325 billion liters in 2023. Notable peaks occurred in 2017 and 2018 with values above 5 billion liters. However, there was a significant decrease in 2021, dropping to 3.049 billion liters. The latest year-on-year variation (2023) shows a slight increase of 3.45%, illustrating a stabilization phase after a period of decline. Over the last five years, the compounded annual growth rate (CAGR) was -8.68%.
Looking ahead, the forecast data predicts a cautious but positive growth in wine production, with a 5-year CAGR of 2.38%, leading to a total growth rate of 12.46%. This signals a period of steady recovery and potential expansion through to 2028.
Future trends to watch for:
- Impact of climate change on grape yields and wine quality
- Shifts in global wine consumption patterns and export markets
- Technological advancements in wine production
- Changes in regulatory policies affecting wine production and sales
