The sold production of wine and grape must in Germany has experienced several fluctuations from 2013 to 2023. The period began with a steady rise in value, peaking in 2017. However, there was a notable dip between 2018 and 2021, particularly a sharp decline in 2020 and 2021. This decline was followed by a significant recovery in 2022, with production values almost tripling, and further growth in 2023. By 2023, the production value stood at €34.609 million, representing a healthy year-on-year increase of 19.21% and a CAGR of 0.92% over the last five years.
Future trends to watch for:
- Consistency in production growth, as forecasted values suggest a gradual increase reaching €39.349 million by 2028.
- Potential market disruptions or climate conditions impacting grape yields and wine production.
- Technological advancements and changing consumer preferences driving production efficiency and product variety.