Between 2014 and 2023, Brazil’s wine export volume demonstrated fluctuating trends with significant variations. Notably, 2015 experienced the largest decline of -66.67%, whereas 2016 saw a strong recovery with a 100% increase. The period between 2017 and 2018 displayed consistent growth, peaking at 4 thousand metric tons in 2018, maintaining this volume through 2019, 2021, 2022, and 2023. The notable decrease in 2020 by 17% is critical. However, the last 5-year compound annual growth rate (CAGR) till 2023 stands at 0%, indicating stabilized exports.
The forecasts suggest a marginal CAGR of 1.55% from 2024 to 2028, projecting gradual growth to 4.46 thousand metric tons by 2028. The forecast period shows a consistent yearly growth around 0.73% on average, reflecting steady but slow advancement.
**Future Trends to Watch For:**
- **Stabilization in Traditional Markets:** Existing markets remain stable with minor fluctuations.- **New Market Penetration:** Increased focus on emerging markets could alter growth trajectories.- **Regulatory Changes:** Potential impacts from trade agreements or import/export regulations.- **Consumer Preferences:** Shifts towards sustainable and organic wine options.- **Economic Factors:** Currency fluctuations and economic stability play a crucial role.
