The import of fortified wine or must to France is forecasted to steadily increase from 2024 to 2028, showing a consistent growth in volume. As of 2023, the import volume was less than the forecasted amount for 2024, indicating a positive trend. The year-on-year growth from 2024 through 2028 is approximately 1.8% to 1.9%, showcasing a stable and moderate rising pattern. Over the five-year period, the compound annual growth rate (CAGR) is expected to remain similarly steady, reinforcing France's increasing demand and stable market for fortified wines.
Future trends to watch for include:
- Potential impacts from changes in trade policies or tariffs post-2023 that may influence costs and import volumes.
- Changing consumer preferences towards wine varieties and the potential market influence of emerging wine-producing countries.
- Factors like climate change affecting wine production globally which may alter import dynamics.